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Owens-Illinois sold its 25% partnership interest in Tata Chemicals (Soda Ash) Partners Holdings to Valley Holdings, a subsidiary of Tata Chemicals Limited, for $195 million. Proceeds will be used for debt reduction.
Tata Chemicals signed a pact to acquire Allied Silica Limited's precipitated silica business for Rs 123 crore on a slump sale basis, including a manufacturing site in Tamil Nadu. The deal is expected to close within three months.