BASF India transfers stilbene based optical brightening agents business to Archroma India

09 Dec 2019 Evaluate

BASF India has completed transfer of its stilbene based Optical Brightening Agents business for paper and powder detergent applications to Archroma India, with effect from December 06, 2019.

The company has received a consideration of Rs 33.50 crore subject to necessary working capital adjustments including an amount of Rs. 13.84 crore which will be kept in escrow for a period of 12 months from the closing date.

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

3345.50 99.60 (3.07%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
UPL 455.85
BASF India 3345.50
PI Industries 3879.80
Bayer CropScience 5264.35
Sumitomo Chemical India 348.00
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