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BASF India Ltd — Capital/Financing Update 2021
Nov 19, 2021
61168_rns_2021-11-19_0e129201-076a-4538-8cad-c569c96336d3.pdf
Capital/Financing Update
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BASF India Limited, Mumbai - 400 051, India
November 19, 2021
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: BASF to sell its Kaolin Minerals business to KaMin LLC, United States
We have been informed by BASF SE, Germany (Ultimate Holding Company of BASF India Ltd) that they have signed an agreement with KaMin LLC / CADAM S.A. (KaMin), a global performance minerals company headquartered in Macon, Georgia, United States, to sell BASF’s Kaolin minerals business globally. The closing of the transaction is expected in the second half of 2022, subject to receipt of requisite approvals from relevant Competition Commission / Anti-Trust authorities.
The Kaolin Minerals business, forms part of the Performance Chemicals Division of Industrial Solutions Segment of BASF India Limited, and has generated net sales of approx. Rs.8.5 crore during the financial year ended 31[st] March 2021.
Please treat the above information as intimation under Regulation 30 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Thanking You,
Yours faithfully, For BASF India Limited
Pradeep Manjunath Digitally signed by Pradeep Manjunath Chandan Chandan Date: 2021.11.19 15:30:37 +05'30' Pradeep Chandan Director – Legal, General Counsel (South Asia) & Company Secretary
Digitally signed by PANKAJ PANKAJ RAJKUMAR BAHL RAJKUMAR BAHL Date: 2021.11.19 15:29:53 +05'30'
Pankaj Bahl Manager- Company Secretarial
cc: The Assistant Manager – Listing National Stock Exchange of India Ltd. Exchange Plaza, 5[th] floor
Plot No.C/1, G Block Bandra – Kurla Complex Bandra (East), Mumbai – 400 051
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
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