The Exchange has sought clarification from BASF India Limited with respect to recent news item captioned German chemicals major BASF to set up global services hub in Hyderabad, to create 3,000 jobs. The response from the Company is attached.
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NSE sought clarification from BASF India regarding a news article about BASF setting up a global services hub in Hyderabad expected to create 3,000 jobs. The company clarified that the hub operates under 'BASF Global Business Services Private Limited', a subsidiary of BASF SE (Germany), in which BASF India Ltd holds no shareholding. The company explicitly stated this hub is not part of BASF India Ltd and the announcement has no material impact on the business or financial operations of BASF India Ltd. The clarification was provided in response to the Exchange's query dated May 6, 2026.
No material impact on BASF India Limited — the Hyderabad hub is a separate legal entity (subsidiary of BASF SE) with no shareholding link to the listed company, so shareholders need not factor this into their investment thesis for BASF India.