BASF India gains on inking pact with Wurth

BASF India gained on signing business transfer pact with Wurth India to transfer its import and distribution business of Glasurit

BASF India has climbed 1.5% to Rs 1,229 on the BSE after it signed the business transfer agreement with Wurth India to transfer its import and distribution business of Glasurit, an automotive refinish paint brand in India, with effect from February 01, 2015.

BASF India is a leading player in chemical sector and manufactures and markets a wide range of products such as expandable polystyrene, tanning agents, leather chemicals and auxiliaries including specialized metal complex dyes etc. in primary forms and crop protection chemicals.

The stock opened at Rs 1,220, touched a high of Rs 1,265 on the BSE. A total of 4,183 shares have been exchanged on the BSE so far.