BASF India zooms on getting in-principle nod to demerge agricultural solutions business
BASF India is currently trading at Rs. 5768.45, up by 308.35 points or 5.65% from its previous closing of Rs. 5460.10 on the BSE.
The scrip opened at Rs. 5780.05 and has touched a high and low of Rs. 5944.30 and Rs. 5652.00 respectively. So far 15226 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8748.10 on 07-Oct-2024 and a 52 week low of Rs. 2870.00 on 18-Jan-2024.
Last one week high and low of the scrip stood at Rs. 5944.30 and Rs. 5425.40 respectively. The current market cap of the company is Rs. 24945.51 crore.
The promoters holding in the company stood at 73.33%, while Institutions and Non-Institutions held 10.71% and 15.95% respectively.
BASF India has received in-principle approval for demerger of Company’s agricultural solutions business into a separate listed legal entity. This will enable operational flexibility, leverage differentiated steering and create value.
The Company’s agricultural solutions business has generated sales of Rs 2006.46 crore, representing 14.57% of the total revenues of the Company for the financial year ended March 31, 2024. The Board of Directors of the Company, at its meeting held on December 19, 2024, has approved the same.
BASF India was incorporated in 1943 and one of the leading company in chemical sector.