Pursuant to the new rules framed by Organisation for Economic Cooperation and Development (OECD), BASF has decided to phase out the agency business.
Accordingly, the Board of Directors of the Company has approved the proposal to replace the agency business of the Company with the merchandise business model effective financial year 2019-20, subject to consultation with the customers and such other approvals, permits as may be required in this regard.
Shares of BASF INDIA LTD. was last trading in BSE at Rs.1925.6 as compared to the previous close of Rs. 1953.75. The total number of shares traded during the day was 519 in over 120 trades.
The stock hit an intraday high of Rs. 1953 and intraday low of 1918.05. The net turnover during the day was Rs. 1003045.