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BASF India jumps as its parent company plans to acquire Chemetall

22 Jun 2016 Evaluate

BASF India is currently trading at Rs. 1045.00, up by 33.55 points or 3.32% from its previous closing of Rs. 1011.45 on the BSE.

The scrip opened at Rs. 1025.00 and has touched a high and low of Rs. 1060.00 and Rs. 1025.00 respectively. So far 7225 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1416.00 on 10-Aug-2015 and a 52 week low of Rs. 699.90 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1060.00 and Rs. 980.50 respectively. The current market cap of the company is Rs. 4532.01 crore.

The promoters holding in the company stood at 73.33%, while Institutions and Non-Institutions held 5.85% and 20.82% respectively.

BASF India’s parent company ‘BASF SE, Germany’ has signed an agreement to acquire Albermarle’s global surface treatment business of Chemetall for a purchase price of $3.2 billion. The said transaction is subject to approval by the relevant authorities and is expected to close by the end of 2016.

Chemetall is a global technology and innovation leader in the metals surface treatment market and is headquartered in Frankfurt, Germany. Chemetall has approximately 2500 employees globally and operates 21 production sites in more than 20 countries, as well as 10 R&D locations and 24 sales offices. For the full calendar year 2015, global sales of Chemetall were $845 million.

In India, Chemetall operates through its subsidiary company ‘Chemetall India’, which generated a turnover of approximately $24 million in 2015 and has around 150 employees. The chemicals manufactured by Chemetall are used in a wide range of industries and end-users, primarily automotive, aerospace, coil and metal forming.

The products of Chemetall complements BASF’s current portfolio by adding highly attractive surface treatment business to its coatings offerings. In India, the coatings business is part of the Functional Material & Solutions segment of the company.

BASF India Share Price

3755.90 4.40 (0.12%)
24-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
SRF 2764.55
BASF India 3755.90
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Pidilite Inds. 1579.90
Deepak Nitrite 1645.85
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