New Delhi, Oct. 26 -- 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 Rs.578.65 against its previous close of Rs.575.50 and jumped 9.7% to hit an intraday high of Rs.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 ha...