BASF India has approved acquiring a 14.18% stake in Clean Max Galapagos Pvt Ltd for up to INR 0.945 Cr.

This strategic investment aims to procure approximately 4,240 MWh per year of solar power for its Navi Mumbai manufacturing site.

This move highlights BASF's commitment to transitioning to green energy, ensuring a stable, renewable power supply and enhancing operational sustainability.

The transaction is pending final agreements and approvals, reflecting a clear step towards environmental goals and potentially reducing long-term energy costs.