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BASF India gets nod to divest construction chemicals business to Master Builders Solutions India

11 Feb 2020 Evaluate

BASF India’s board has approved the divestiture of construction chemicals business of the Company to Master Builders Solutions India, wholly owned subsidiary of company’s Parent Company -- BASF SE, for a consideration of Rs 5951.6 million (on slump sale and at arm’s length basis).

The closing of the transaction is expected in the second quarter of the financial year 2020-21. The Company’s construction chemicals business, which forms part of the Surface Technologies segment, has generated sales of Rs 484 crore for the year ended 31st March, 2019.

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

3703.10 20.65 (0.56%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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