BASF India Limited has provided an update regarding the divestiture of its 100% stake in BASF India Coatings Private Limited. The transaction has been concluded on June 30, 2026, following the receipt of the full consideration amount of INR 230.16 crore by the company.
The entire equity shareholding of BASF India Coatings Private Limited has been transferred to Bond German BidCo 2 GmbH and Bond France BidCo SAS (Carlyle Group Companies) on June 30, 2026. Consequently, BASF India Coatings Private Limited has ceased to be a wholly-owned subsidiary of BASF India Limited.
This transaction follows the Board of Directors' decision communicated to the stock exchanges on March 30, 2026, regarding the sale/transfer of the stake. The consideration of INR 230.16 crore was determined by an independent valuer.
The disclosure is signed by Manohar Shrikant Kamath (Director - Legal, General Counsel (India) & Company Secretary) and Pankaj Rajkumar Bahl (Senior Manager - Legal & Secretarial).