BASF India hives off arm for ₹33.5 crore

| Updated on July 08, 2019 Published on July 09, 2019


BASF India has entered into an agreement with Archroma India Private Ltd to divest its stilbene-based optical brightening agents business for paper and powder detergent applications (OBA business) for ₹33.50 crore.

The transaction, which includes the stilbene-based OBA product portfolio and the manufacturing unit at Ankleshwar, is expected to be completed by the fourth quarter of the current fiscal. Shareholders will closely monitor the development.

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Published on July 09, 2019
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