BASF India announced that the company's stilbene based Optical Brightening Agents business for paper and powder detergent applications stands transferred to Archroma India with effect from 06 December 2019.
The Company has received a consideration of Rs. 33.50 crore subject to necessary working capital adjustments including an amount of Rs. 13.84 crore which will be kept in escrow for a period of 12 months from the closing date.
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