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BASF India rises on transferring textile chemicals business to Archroma India

01 Jul 2015 Evaluate

BASF India is currently trading at Rs. 1205.50, up by 6.10 points or 0.51% from its previous closing of Rs. 1199.40 on the BSE.

The scrip opened at Rs. 1240.00 and has touched a high and low of Rs. 1240.00 and Rs. 1199.00 respectively. So far 1868 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1497.60 on 20-Jan-2015 and a 52 week low of Rs. 812.05 on 14-Jul-2014.

Last one week high and low of the scrip stood at Rs. 1240.00 and Rs. 1140.00 respectively. The current market cap of the company is Rs. 5227.82 crore.

The promoters holding in the company stood at 73.33% while Institutions and Non-Institutions held 6.77% and 19.89% respectively.

BASF India has transferred the textile chemicals business of the company to Archroma India on a going concern basis with effect from July 01, 2015. The company has received an aggregate sum of Rs 104.03 crore (Rs 64.13 crore from Archroma towards the consideration for the sale of the business and a further sum of Rs 39.90 crore from BASF SE towards discontinuance of the said business in terms of the commercial understanding reached between the parties).

The company with effect from July 01, 2015, will manufacture & supply the textile chemical products to Archroma India under a long-term supply agreement.

Earlier on October 16, 2014, pursuant to global divestment of the textile chemicals business of the parent Company BASF SE to Archroma, the board of directors had approved the proposal to transfer the textile chemicals business of the company to Archroma with the closing expected in the first quarter of 2015.

 

BASF India Share Price

3653.10 -50.00 (-1.35%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3653.10
Tata Chemicals 704.05
SRF 2464.40
Pidilite Inds. 1390.15
Deepak Nitrite 1537.20
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