BASF India Ltd Divests 100% Stake in BASF India Coatings Private Limited to Carlyle Group Companies

BASF India Ltd has announced the transfer and sale of its 100% stake in BASF India Coatings Private Limited to Bond German BidCo 2 GmbH and Bond France BidCo SAS, entities of the Carlyle Group, for a consideration of INR 230.16 crore. The decision was made at a Board meeting on March 30, 2026, following the global announcement of BASF's strategic partnership with Carlyle and QIA. The transaction is expected to close during the second quarter of 2026, after which BASF India Coatings Private Limited will cease to be a subsidiary of BASF India Ltd. In the last financial year, BASF India Coatings Private Limited contributed 3.1% to the company's turnover and 5.5% to its net worth.