BASF India Ltd. to Divest Subsidiary for INR 230.16 Crore
BASF India Limited announced on March 30, 2026, that its Board of Directors has approved the transfer and sale of its 100% stake in BASF India Coatings Private Limited to Bond German BidCo 2 GmbH and Bond France BidCo SAS, companies affiliated with the Carlyle Group. The consideration for the divestiture is INR 230.16 crore, as determined by an independent valuer, subject to adjustments at closing.The transaction, which is expected to close during the second quarter of 2026, follows a global agreement between BASF and funds managed by the Carlyle Group, in partnership with Qatar Investment Authority, concerning BASF's automotive OEM coatings, automotive refinish coatings, and surface treatment businesses. Upon completion of the sale, BASF India Coatings Private Limited will no longer be a wholly-owned subsidiary of BASF India Limited.
As of March 31, 2025, BASF India Coatings Private Limited contributed INR 479.64 crore, representing 3.1% of BASF India Limited’s turnover, and INR 199.74 crore, accounting for 5.5% of its net worth.
The buyers, Bond German BidCo 2 GmbH and Bond France BidCo SAS, are not related to the promoter group or group companies.
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