BASF India has received an aggregate sum of Rs 197.63 crore from Stahl India towards the consideration for the sale of the leather chemicals business.
The said closing has taken place and consequently, the leather chemicals business of the Company stands transferred to Stahl India with effect from September 30, 2017. BASF India’s parent company BASF SE Germany had signed an agreement for sale of global leather chemicals business to Stahl Group.
BASF India is a chemical manufacturing company. It operates in the business segments of agricultural solutions, performance products, plastics businesses and chemicals. The agricultural solutions include insecticides, herbicides, fungicides and specialties.