Left Menu
Development News Edition

BASF India completes sale of construction chemicals biz for Rs 595 cr

BASF India Ltd on Wednesday said it has completed the sale of its construction chemicals business to Master Builders Solutions for a consideration of Rs 595.16 crore. In February, the board of directors had approved divestiture of the construction chemicals business to Master Builders Solutions India Pvt Ltd.

PTI | New Delhi | Updated: 01-07-2020 14:56 IST | Created: 01-07-2020 14:56 IST
BASF India completes sale of construction chemicals biz for Rs 595 cr

BASF India Ltd on Wednesday said it has completed the sale of its construction chemicals business to Master Builders Solutions for a consideration of Rs 595.16 crore. In February, the board of directors had approved divestiture of the construction chemicals business to Master Builders Solutions India Pvt Ltd. The shareholders approved the divestiture at their general meeting held through postal ballot on April 21, 2020.  In a regulatory filing, BASF India said the "closing of the transaction has taken place and consequently, the company's construction chemicals business stands transferred to Master Builders Solutions India Pvt Ltd with effect from 1st July, 2020." "The company has received an overall consideration of Rs. 595.16 crores towards the said divestiture," it added.


TRENDING

OPINION / BLOG / INTERVIEW

COVID-19 seems cooking biggest ever global scam

The increasing number of corruption cases on COVID-19 funds from throughout the world and involvement of high profile persons indicate that the countries cant ignore corruption in their pandemic response programs. This has generated the nee...

Health Management Information Systems lack holistic, integrated, and pandemic resilient character

Being a part of the United Nations system, the World Health Organization WHO deserves its share of rebuke for its alleged failure issue COVID-19 health emergency alerts on appropriate time. However, the pandemic has also exposed loopholes i...

Pride in the time of coronavirus: a welcome move online?

This year is different in many ways not least as celebrations are also taking place against the dramatic backdrop of a global health crisis and a resurgence in grassroots activism following the death of George Floyd in Minneapolis. ...

COVID-19: Weighing up the benefits and limitations of edtech platforms

Edtech companies shouldnt focus on merely pushing contents, but to provide an interactive, effective teaching and learning environment. ...

Videos

Latest News

TSM win again, FlyQuest rebound at LCS Week 4

FlyQuest, Team SoloMid and Team Liquid each won on Saturday to leave all three at 5-2 and tied for second place in the North American-based League of Legends Championship Series Summer Split. FlyQuest dominated Evil Geniuses in a critical m...

Florida, Texas post daily COVID-19 records as 'positivity' rates climb

Florida and Texas, two states that have emerged as the latest hot spots of the U.S. coronavirus outbreak, both reported record daily increases in confirmed COVID-19 cases on Saturday - with nearly 20,000 additional infections combined. For ...

UPDATE 1-Trump repeats vow to defeat 'radical left' in July Fourth speech

U.S. President Donald Trump on Saturday vowed to defeat the radical left in an Independence Day speech at the White House, condemning recent efforts to remove or rethink monuments to historical figures as attempts to destroy the United Stat...

Mexico's coronavirus death toll surpasses 30,000

Mexicos health ministry on Saturday reported 523 more deaths from the novel coronavirus, bringing the total to 30,366, and 6,914 of new infections, bringing the total to 252,165.The government has previously said the actual number of infect...

Give Feedback