BASF India gains on receiving Rs 197.63 crore from sale of leather chemical business to Stahl

03 Oct 2017 Evaluate

BASF India is currently trading at Rs. 1505.60, up by 5.20 points or 0.35% from its previous closing of Rs. 1500.40 on the BSE.

The scrip opened at Rs. 1500.00 and has touched a high and low of Rs. 1518.00 and Rs. 1499.10 respectively. So far 573 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1809.85 on 30-Jun-2017 and a 52 week low of Rs. 988.50 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1518.00 and Rs. 1392.00 respectively. The current market cap of the company is Rs. 6517.09 crore.

The promoters holding in the company stood at 73.33%, while institutions and non-institutions held 9.86% and 16.80% respectively.

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.


BASF India Share Price

3248.80 -29.05 (-0.89%)
23-Feb-2024 16:59 View Price Chart
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