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BASF gets Rs 198 cr after sale of leather chemicals biz to Stahl India

The leather chemicals business stands transferred to Stahl India from September 30, 2017

Press Trust of India  |  New Delhi 

Representative image
Representative image

company BASF on Monday said it has received Rs 197.63 crore from Stahl for sale of its business.

"The company has received an aggregate sum of Rs 197.63 crore from Stahl Private Ltd towards the consideration for the sale of the leather business," BASF said in a filing today.

According to the statement, the stands transferred to from September 30, 2017.

BASF India's parent company BASF SE had signed an agreement for sale of global to Stahl Group.

is engaged in providing chemicals, plastics, performance enhancing and products, among others.

First Published: Mon, October 02 2017. 16:16 IST