Announced Wed, 1 Jul · 19:49 IST
BASF India concludes sale of coatings subsidiary to Carlyle for Rs 230 cr
BASF · price
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Price reaction · full curve 14 horizons · vs prior close
+2.8%1-day move
₹3570.10
prior close
₹3579.00
base price
After-mkt
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AI summary
BASF India has completed the sale of its 100% stake in BASF India Coatings Private Limited to Bond German BidCo 2 GmbH and Bond France BidCo SAS, both Carlyle Group companies. The deal is valued at Rs 230.16 crore, as determined by an independent valuer. The transaction concluded on June 30, 2026, after which BASF India Coatings has ceased to be a wholly owned subsidiary of BASF India.
Likely market impact
BASF India exits its coatings business and receives Rs 230.16 crore in cash. The subsidiary is no longer part of the company, which may affect future consolidated revenue.