Announced Wed, 1 Jul · 19:53 IST
BASF India divests coatings subsidiary to Carlyle for Rs 230.16 crore
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 wholly owned subsidiary BASF India Coatings Private Limited to Bond German BidCo 2 GmbH and Bond France BidCo SAS, both Carlyle Group companies, for Rs 230.16 crore. The deal, first announced on 30 March 2026, was concluded on 30 June 2026 with receipt of full consideration. BASF India Coatings has ceased to be a subsidiary of BASF India.
Likely market impact
BASF India exits the coatings business and receives cash of Rs 230.16 crore. Shareholders may see a focused portfolio and potential special dividend or capital allocation.