With reference to the News Report by Reuters dated 8th September 2021 (3:04 pm IST) titled ‘BASF, others raided in India over alleged vegetable seeds price fixing’ stating that Competition Commission of India (CCI) officials were raiding offices of BASF India and at least three other vegetable seed companies in related to alleged price fixing / collusion. In this regard, BASF India has informed that BASF SE’s vegetable seeds business is housed under a separate legal entity, Nunhems India, which is a 100% subsidiary of BASF SE, Germany and not part of BASF India. Hence, the company has clarified that the raids by CCI mentioned in the said News Report by Reuters has no connection, whatsoever, with the company.
The above information is a part of company’s filings submitted to BSE.
