BASF India announced that the company has 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 Feb. 01, 2015.
With reference to the earlier announcement dated Dec. 16, 2014 regarding transfer of the import and distribution business of Glasurit, an automotive refinish paint brand to Wurth India Private.
Shares of the company gained Rs 21.5, or 1.78%, to trade at Rs 1,232.70. The total volume of shares traded was 3,960 at the BSE (11.14 a.m., Tuesday).