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BASF India Ltd — M&A Activity 2020
Aug 19, 2020
61168_rns_2020-08-19_2968e56e-5a9c-4e77-bc30-052fd098a867.pdf
M&A Activity
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BASF India Limited, Mumbai - 400 051, India
August 19, 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,
Re: Acquisition of 100% stake in BASF Performance Polyamides India Private Limited (formerly known as Rhodia Polymers & Specialties India Private Limited)
We refer to our earlier letter dated 10[th] July, 2020 wherein we had intimated regarding the acquisition of 100% stake by the Company in BASF Performance Polyamides India Private Limited from BASF Nederland B.V. and BASF SE for a consideration of an amount not exceeding Rs. 305 crore, including adjustments, if any, at arm’s length basis, subject to the approval of the shareholders of the Company, being a related party transaction.
We now wish to inform you that the shareholders of the Company at their Annual General Meeting held on 6[th] August, 2020 had approved the said proposal with requisite majority and accordingly, the Company has on 18th August, 2020 acquired 100% stake in BASF Performance Polyamides India Private Limited from BASF Nederland B.V. and BASF SE for an aggregate consideration of Rs. 302.90 crore.
You may please note that pursuant to the said transaction, BASF Performance Polyamides India Private Limited is now a wholly owned subsidiary of the Company.
Please treat the above information as intimation under Regulation 30 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.
Thanking You,
Yours faithfully, For BASF India Limited Pradeep Digitally signed by Pradeep Manjunath PANKAJ Digitally signed by PANKAJ R Manjunath Chandan BAHL Date: 2020.08.19 R BAHL Date: 2020.08.19 Chandan 11:43:21 +05'30' 11:44:24 +05'30' Pradeep Chandan Pankaj Bahl Director – Legal, General Counsel (South Asia) & Company Secretary
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