BASF India concludes sale of coatings subsidiary to Carlyle for Rs 230 cr

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+1.5% vs market

Specialty Chemicals peers, median of 94sector+0.7%+1.7% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.7 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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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.