Shares of BASF India Ltd ended a four-day losing streak on Friday, 20 December, and rallied more than 8% after the company announced that its agricultural solutions business would be demerged into a separate legal entity.

The demerger will enable value generation, differentiated steering, and operational freedom.

In its regulatory filing, the company said, “The company’s agricultural solutions business has generated sales of ₹2,006 crore, representing 14.57% of the total revenues of the company for the financial year ended 31 March, 2024.”

BASF has also formed a committee of independent directors to look into and evaluate the many facets of the demerger. 

On 26 September, the business informed stock exchanges that BASF SE will completely decouple its global enterprise resource planning and legal functions from its agricultural solutions segment by 2027. 

Furthermore, in order to be ready for a potential initial public offering (IPO) of its global agricultural solutions division, BASF SE, Germany, is thinking of listing a minority stake in the business in the medium future.

At 12:11 pm, the shares of BASF India were trading 5.69% higher at Rs 5,771.05 on NSE.

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