Wockhardt Ltd, Cochin Shipyard Ltd, Grindwell Norton Ltd, Nilkamal Ltd are among the other stocks to see a surge in volumes on NSE today, 16 January 2020.

BASF India Ltd notched up volume of 2.17 lakh shares by 14:14 IST on NSE, a 16.5 fold spurt over two-week average daily volume of 13145 shares. The stock rose 6.45% to Rs.1,049.05. Volumes stood at 13888 shares in the last session.

Wockhardt Ltd notched up volume of 89.87 lakh shares by 14:14 IST on NSE, a 10.44 fold spurt over two-week average daily volume of 8.61 lakh shares. The stock rose 6.69% to Rs.276.65. Volumes stood at 8.52 lakh shares in the last session.

Cochin Shipyard Ltd witnessed volume of 5.54 lakh shares by 14:14 IST on NSE, a 10.07 times surge over two-week average daily volume of 55070 shares. The stock increased 5.00% to Rs.426.55. Volumes stood at 56785 shares in the last session.

Grindwell Norton Ltd registered volume of 65896 shares by 14:15 IST on NSE, a 8.55 fold spurt over two-week average daily volume of 7710 shares. The stock rose 0.40% to Rs.605.50. Volumes stood at 17968 shares in the last session.

Nilkamal Ltd notched up volume of 1.08 lakh shares by 14:14 IST on NSE, a 6.98 fold spurt over two-week average daily volume of 15506 shares. The stock rose 7.45% to Rs.1,516.40. Volumes stood at 38213 shares in the last session.

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BASF India announced that its parent company, BASF SE, Germany has signed a Purchase Agreement with an Affiliate of Lone Star, a global private equity player, for acquisition of BASF's Construction ChemicalsBusiness. The purchase price on a cash and debt free basis is EUR 3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to approval of the relevant competition authorities.

BASF's Construction Chemicals business operates production sites and sales offices in more than 60 countries and generated sales of about EUR 2.5 billion in 2018, with more than 7000 employees worldwide. In India, the construction chemicals business, which forms part of the Surface Technologies segment, has generated sales of Rs. 484 crore for the year ended 31 March, 2019.

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The company said that BASF SE, its Germany, parent company, has signed a purchase agreement with an affiliate of Lone Star, a global private equity player, for acquisition of BASF's construction chemicals business. The announcement was made during trading hours Monday, 23 December 2019.

The purchase price on a cash and debt free basis is 3.17 billion euros. The transaction is expected to close in the third quarter of 2020, subject to approval of the relevant competition authorities. BASF's construction chemicals business operates production sites and sales offices in more than 60 countries and generated sales of about 2.5 billion euros in 2018, with more than 7000 employees worldwide.

In India, the construction chemicals business, which forms part of the Surface Technologies segment, has generated sales of Rs 484 crore for the year ended 31 March 2019.

BASF India's net profit soared 41.7% to Rs 13.29 crore on 23.9% rise in net sales to Rs 2,068.74 crore in Q2 September 2019 over Q2 September 2018.

BASF India is engaged in providing chemicals, plastics, performance products and crop protection products.

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BASF India announced that the company's stilbenebased Optical Brightening Agents business for paper and powder detergent applications standstransferred 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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