BASF India clarifies to BSE that media-reported Hyderabad global hubs are operated by BASF SE subsidiaries, not BASF India.
The company confirms it holds no shareholding in BASF Global Business Services or BASF Digital Solutions subsidiaries.
BASF India states the hub establishments have no material impact on its business or financial operations.
The clarification is in response to a BSE surveillance query regarding media reports about the hubs.