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BASF India Ltd — M&A Activity 2020
Jan 31, 2020
61168_rns_2020-01-31_0bccd1f4-75b3-449a-9d4e-90bed5eab63d.pdf
M&A Activity
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■ D BASF
We create chemistry
BASF India Limited, Mumbai - 400 051, India
January 31, 2020
The Market Operations Department BSE Limited P.J. Towers, Dalal Street, Mumbai 400 001.
Name of the Company BASF INDIA LIMITED
Security Code No 500042
Dear Sir/Madam,
Re: BASF SE, Germany closes acquisition of Solvay's polyamide business
We refer to our earlier letter dated 19[th ] September, 2017 wherein the Company had informed about the acquisition of Solvay's polyamide business globally by its Parent Company, BASF SE, Germany.
The Company has now received information from BASF SE, Germany that it has closed the acquisition of Solvay's polyamide business at a purchase price on cash and debt free basis amounting to EUR 1.3 billion.
The transaction broadens BASF SE's polyamide capabilities with innovative and well-known products such as Technyl® and also enhances its access to growth markets in Asia as well as in North and South America. The transaction includes eight production sites in Germany, France, China, India, South Korea, Brazil and Mexico as well as research and development centers and technical consultation centers in Asia, North and South America.
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
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Pradeep Chandan Director- Legal, General Counsel (South Asia) & Company Secretary
Pankaj Bahl Manager- Company Secretarial
Cc: The Assistant Manager Listing The 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, Sandra (East), Mumbai - 400 051, India
Tel +91 22 6278 5600
CIN - L33112MH1943FLC003972