BASF India is currently trading at Rs 1305.00, up by 10.15 points or 0.78% from its previous closing of Rs. 1294.85 on the BSE.
The scrip opened at Rs. 1349.90 and has touched a high and low of Rs. 1349.90 and Rs. 1298.00 respectively. So far 3820 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1388.05 on 30-Sep-2014 and a 52 week low of Rs. 566.00 on 27-Jan-2014.
Last one week high and low of the scrip stood at Rs. 1358.60 and Rs. 1186.00 respectively. The current market cap of the company is Rs. 5657.43 crore.
The promoters holding in the company stood at 73.33% while Institutions and Non-Institutions held 7.09% and 19.57% respectively.
Following clearance by the competition authorities, INEOS has successfully completed the purchase of BASF’s 50% share in Styrolution, a joint venture between the companies. The purchase price for the acquisition is Euro 1.1 billion. Styrolution will continue to operate as a stand-alone Business within INEOS Industries Holdings.
Styrolution, founded in October 2011 as a 50-50 joint venture between BASF and INEOS, is engaged in manufacturing and selling acrylonitrile-butadiene-styrene and styrene-acrylonitrile and other products to industries, such as consumer durables, automobiles, business machines, telecommunications, electronics, etc.
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