Divestment1 Jul 2026, 07:50 pm
BASF India Completes Coatings Subsidiary Divestment for ₹230.16 Cr
AI Summary
BASF India Limited has announced the successful conclusion of the divestiture of its entire 100% stake in BASF India Coatings Private Limited. The transaction, initially announced on March 30, 2026, was finalized on June 30, 2026, with the receipt of the agreed consideration of INR 230.16 crore. This amount was determined by an independent valuer. The stake has been transferred to Bond German BidCo 2 GmbH and Bond France BidCo SAS, entities associated with the Carlyle Group. Consequently, BASF India Coatings Private Limited is no longer a wholly owned subsidiary of BASF India Limited.
Key Highlights
- BASF India Ltd finalized divestment of its coatings subsidiary.
- Transaction value stands at ₹230.16 crore.
- Sale completed on June 30, 2026.
- Acquiring entities are Carlyle Group companies.
- BASF India Coatings Private Limited is no longer a subsidiary.
Price Impact
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