BASF India Ltd. shares jumped over 4% following the board’s approval to demerge its agricultural solutions business into a separate listed entity. The move, aimed at enhancing operational flexibility and driving value creation, was announced via an exchange filing on Thursday.
The agricultural solutions segment contributed ₹2,006.5 crore in revenue during the last financial year, accounting for 14.6% of BASF India’s total revenue. A committee of independent directors has been established to evaluate the specifics of the demerger process.
BASF India shares opened at ₹5,785.00, matching the day’s high, before dipping to ₹5,646.00. The stock remains volatile, with a 52-week high of ₹8,750.00 and a low of ₹2,868.00, reflecting market fluctuations.
As of 9:33 am, BASF India shares were trading 4.05% higher at Rs 5,681.85 on the NSE.
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