Premium
This is an archive article published on April 12, 2009

BASF makes open offer for 20 Ciba India stake

German chemicals giant BASF SE has come out with an open offer to buy 20 equity shares in Ciba India Ltd from shareholders at Rs 237.13 per share.

google-preferred-btn

German chemicals giant BASF SE has come out with an open offer to buy 20 equity shares in Ciba India Ltd from shareholders at Rs 237.13 per share. Ciba India is a subsidiary of chemical manufacturer Ciba Holding AG. The latter holds 69.28 of the equity shares of Ciba India.

BASFs open offer to shareholders of Ciba India follows its global acquisition of Ciba Holding. As per local stock exchange rules,BASF has to buy additional 20 equity shares from shareholders of Ciba India because the global buy indicates an indirect acquisition of the Indian unit. BASF holds 95.8 of Ciba Holding shares.

Ciba India in a note to the Bombay Stock Exchange said that JM Financial Consultants Pvt Ltd. will be managers of the offer on behalf of BASF. This offer will open on June 4 and close on June 23,2009.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Vijay_c70058
CBI summons, stalled film: Why Vijay may have walked into a trap of his own making
devendra fadnavis
‘Not acceptable’: Fadnavis orders immediate exit as BJP ties up with Congress, AIMIM
Elnaaz Nourouzi
Bollywood actor fled Iran, lived in refugee camp, stood in line for food; speaks 7 languages: 'I can program robots'
Vir Das is all praise for Aamir Khan's mindful professionalism on set.
'Aamir Khan uses half a vanity van, comes half hour early, takes care of his entourage,' says Vir Das
Pakistani women shararat dance Dhurandhar
Pakistani women groove to 'Dhurandhar' track 'Shararat' at wedding; internet reacts to viral video: ‘Obsession is real’
The situation escalated when the horse defecated several times on the store’s floor
Man rides a horse through Target store, it defecates all over: video viral on X
While the ICC hasn’t made any official comment on the issue, it is understood that they held an internal meeting on Tuesday and then conveyed their decision to Bangladesh (BCB)
Bangladesh leaves door open, might travel to India for T20 World Cup
India (IND U19) vs South Africa (SA U19) 3rd Youth ODI Live: Catch updates from the third match in Benoni today. (BCCI)
LIVE Cricket Score, India vs South Africa U19 3rd ODI
The current election campaign also brings out another facet of Maharashtra's current political picture.
No red lines, and a political free-for-all in Maharashtra civic polls
Maduro
What is the legal case against Maduro — and why has he claimed to be a ‘prisoner of war’?
A person walking on a treadmill at a gym
Fitness coach calls walking ‘the most underrated way to burn fat,’ reveals 8 styles that actually work; we verify
Lego's new Smart Bricks will first appear in three all-in-one Star Wars sets, each with a varying number of pieces ranging from 473 to 962,
CES 2026: LEGO introduces Smart Bricks that react, glow, and play sounds
Advertisement
Must Read
Bangladesh leaves door open, might travel to India for T20 World Cup
While the ICC hasn’t made any official comment on the issue, it is understood that they held an internal meeting on Tuesday and then conveyed their decision to Bangladesh (BCB)
LIVE Cricket Score, India vs South Africa U19 3rd ODI
India (IND U19) vs South Africa (SA U19) 3rd Youth ODI Live: Catch updates from the third match in Benoni today. (BCCI)
The story of Mustafizur Rahman, the Bangladeshi pacer caught in a political storm
Mustafizur Rahman barely wooed controversies, was the darling of volatile press folk of his country, so much so that they followed him to cover IPL games, and a poster boy back home. (AP Photo)
CES 2026: LEGO introduces Smart Bricks that react, glow, and play sounds
Lego's new Smart Bricks will first appear in three all-in-one Star Wars sets, each with a varying number of pieces ranging from 473 to 962,
I tried Samsung’s Galaxy Z TriFold at the world’s biggest tech show in Las Vegas, and here’s what it’s like to use
Samsung Galaxy Z TriFold First Look: In hand, the Galaxy Z Tri Fold feels more like a futuristic hybrid than a conventional smartphone, blurring the line between phone, tablet, and PC. (Image: Anuj Bhatia/The Indian Express)
‘In 2026, ChatGPT will evolve into a personal superassistant’: OpenAI’s Fidji Simo
Fidji Simo, OpenAI's new chief of applications.
Fitness coach calls walking ‘the most underrated way to burn fat,’ reveals 8 styles that actually work; we verify
A person walking on a treadmill at a gym
Advertisement
Buzzing Now
Pakistani women groove to 'Dhurandhar' track 'Shararat' at wedding; internet reacts to viral video: ‘Obsession is real’
Pakistani women shararat dance Dhurandhar
Man rides a horse through Target store, it defecates all over: video viral on X
The situation escalated when the horse defecated several times on the store’s floor
This 23-year-old Bengaluru entrepreneur is spending thousands to become the 'Bryan Johnson of India'
Bryan Johnson of India
After 10 daughters, Haryana woman delivers baby boy; sparks social media debate
The father, Sanjay Kumar, a 38-year-old daily wage labourer, said that he and some of his elder daughters had hoped for a son
Pune men trapped on balcony at 3 am call Blinkit delivery agent for help; video goes viral
Pune men trapped blinkit rider rescue
Jan 07: Latest News
Advertisement