Introduction:
Leading chemical company has approved the demerger of its Agricultural Solutions business into a separate listed entity, aiming to boost operational flexibility, unlock value, and align with its global strategy for future growth and differentiation.
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Share price movement of BASF India:
On December 20, 2024, BASF India Ltd opened at ₹5,780.05, up 5.86% from its previous close of ₹5,460.10. The stock reached a high of ₹5,876.85 (7.59%) and a low of ₹5,652.00. By 10:15 AM, it traded at ₹5,859.90, a 7.32% increase, with a market cap of ₹25,364.95 crore.
BASF India Approves Demerger of Agricultural Solutions Business:
BASF India’s Board has given in-principle approval to demerge its Agricultural Solutions business into a separate listed entity. The move aims to enhance operational flexibility, implement differentiated steering, and unlock value for stakeholders in line with BASF SE’s global strategy.
The Agricultural Solutions business contributed ₹2,006.46 crore (14.57% of total revenue) in FY24. A Committee of Independent Directors has been formed to explore the demerger’s specifics and provide recommendations to the Board, paving the way for further developments.
BASF SE plans to legally separate its global Agricultural Solutions business by 2027 and evaluate IPO options for a minority stake. BASF India will make additional disclosures following the recommendations from its committees and Board approvals.
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Recent news on BASF India:
November 13, 2024, BASF India reported mixed Q2 results, with a 14.6% year-on-year revenue growth, but a 14.2% profit decline. Compared to the previous quarter, revenue rose 7.08%, while profit fell 42%, raising concerns over cost management.
Stock performance of BASF India for Period of 1 week, 6 months and 1 year:
BASF India has experienced a 3.79% decline in stock price over the past week but saw a 5.07% gain over the last six months. The company has delivered impressive 79.9% growth over the past year, reflecting strong long-term performance.
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Shareholding pattern of BASF India:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 73.30% | 73.30% | 73.30% |
| FII | 4.40% | 4.40% | 4.10% |
| DII | 6% | 6.00% | 6.70% |
| Public | 15.90% | 16.30% | 15.90% |
About BASF India:
BASF India Ltd (NSE: BASF) is a leading chemical company with a diverse portfolio across six segments, including Agricultural Solutions, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Chemicals, serving multiple industries like agriculture, automotive, and pharmaceuticals.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
