BASF India transfers Pigments business to BASF Colors & Effects India

BASF India Ltd. | Chemicals | Chemicals & Fertilizers | BSE: 500042 | NSE: BASF

31 Dec 2018 Evaluate

BASF India has transferred the pigments business of the company, to BASF Colors & Effects India, a 100% subsidiary of BASF Colors & Effects GmbH, Germany, with effect from January 01, 2019.

The company has received an aggregate sum of Rs 19 crore (based on Independent Valuation Report) from BASF Colors & Effects India towards the consideration for the sale of the pigments business.

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.

Peers

Company Name	CMP
Godrej Industries	1107.45
SRF	2561.00
BASF India	3607.50
Pidilite Inds.	1566.10
Tata Chemicals	693.50
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