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BASF India Ltd — Capital/Financing Update 2020
May 22, 2020
61168_rns_2020-05-22_79949d77-2bff-42cb-9519-7642eb251089.pdf
Capital/Financing Update
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BASF India Limited, Mumbai - 400 051, India
May 22, 2020
The Market Operations Department BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street, Mumbai 400 001.
Name of the Company : BASF INDIA LIMITED Security Code No . : 500042
Dear Sir/Madam,
Sub: Evaluation of the proposal to acquire 100% stake in BASF Performance Polyamides India Pvt. Ltd. (Formerly known as Rhodia Polymers & Specialties India Pvt. Ltd.)
We wish to inform you that the Board of Directors of the Company at its Meeting held on 22[nd] May, 2020 approved the proposal to evaluate options regarding acquisition of 100% stake in BASF Performance Polyamides India Pvt. Ltd., a Wholly Owned Subsidiary of BASF SE (Parent Company) at such consideration as may be determined by an Independent Valuer.
We request you to kindly take note of the above.
Thanking you.
Yours faithfully
For BASF India Limited
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Pradeep Chandan Director – Legal, General Counsel (South Asia) & Company Secretary
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Pankaj Bahl Manager- Company Secretarial
Cc: Listing Compliance, National Stock Exchange of India Limited, Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra –(East). Mumbai-400051.
Registered Office BASF India Limited The Capital, ‘A’ Wing, 1204-C, 12th Floor, Plot No. C-70, ‘G’ Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051, India
Tel +91 22 6278 5600
CIN - L33112MH1943FLC003972