In reference to letter dated 19th September, 2017 wherein the Company had informed about the acquisition of Solvay's polyamide business globally by its Parent Company, BASF SE, Germany. BASF India has informed that the Company has now received information from BASF SE, Germany that it has closed the acquisition of Solvay's polyamide business at a purchase price on cash and debt free basis amounting to EUR 1.3 billion. The transaction broadens BASF SE's polyamide capabilities with innovative and well-known products such as Technyl® and also enhances its access to growth markets in Asia as well as in North and South America. The transaction includes eight production sites in Germany, France, China, India, South Korea, Brazil and Mexico as well as research and development centers and technical consultation centers in Asia, North and South America.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| BASF India | 3703.10 |
| Tata Chemicals | 709.05 |
| SRF | 2493.65 |
| Pidilite Inds. | 1393.25 |
| Deepak Nitrite | 1538.00 |
| View more.. | |
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