BASF SE acquires remaining stake in BASF India via NCLT-convened delisting; shareholders approve scheme at 86.5% threshold

M&A / JV 24 Jun 2026· ₹1,200 per share (delisting offer) · Completed· ✓ Verified

BASF India Limited, a publicly listed subsidiary of Germany-domiciled BASF SE, initiated a delisting scheme under the NCLT framework after BASF SE decided to consolidate ownership. The parent held 85.2% pre-delisting; the scheme sought to acquire the remaining 14.8% public shares at ₹1,200 per share. The NCLT convened an equity shareholders' meeting on 24 June 2026, at which 86.5% of voting shareholding approved the scheme-exceeding the 75% threshold required under the Companies Act. Subsequent to approval, the delisting will remove BASF India from the BSE and NSE registers, converting it into a wholly-owned subsidiary.

Why it mattersDelisting via NCLT-convened scheme (not direct open offer) highlights the emerging regulatory path for strategic parent acquisitions of listed subsidiaries where the acquirer already holds supermajority; SEBI Regulation 92A compliance (independent valuer, public announcement) remains the substantive gating item despite NCLT jurisdiction.
CounselNot disclosed in primary source
SectorIndustrials
Value₹1,200 per share (delisting offer)
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