Clarification in respect of news article
BASF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BASF India Ltd has clarified to BSE that a news article titled 'BASF to set up 2 global hubs in Hyderabad' referred to operations under its parent company BASF SE's subsidiaries, not the listed entity itself. The global business services hub and global digital hub are housed under BASF Global Business Services Private Limited and BASF Digital Solutions Private Ltd respectively. BASF India Ltd has confirmed it has no shareholding in these two subsidiaries and that the hub establishment has no material impact on the company's business or financial operations. The clarification was sought by BSE on May 6, 2026. The attached press release from BASF Global Services dated May 5, 2026 confirms the new Global Service Hub in Hyderabad operates under the subsidiary entity.
No material impact on BASF India Ltd — the Hyderabad hubs are under German parent's subsidiaries, not the listed Indian entity. This clarification prevents any investor confusion or unwarranted stock movement based on the misreported news.