Tata Chemicals shares surged 10% in intraday trade on Monday, 26 October, after the company said Kenya's High Court had ruled that it has no jurisdiction over the dispute involving its East African subsidiary, Tata Chemicals Magadi Ltd (TCML), a major soda-ash producer in Africa.
Tata Chemicals share price opened at ₹578.65 against its previous close of ₹575.50 and jumped 9.7% to hit an intraday high of ₹631.55.
Tata Chemicals in a regulatory filing on Saturday, said that "The High Court of Kenya has passed an order dated 23 October 2026, that the Court has no jurisdiction over the dispute and cannot take any further steps."
The ruling is seen as a positive for the company as Kenyan President William Ruto had earlier ordered the Indian firm to leave the century-old Magadi soda ash operation it has run for two decades.
Tata Chemicals said TCML is examining the order and will take legal and all other necessary steps for way forward in this matter.