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.
