BASF India shares fall after antitrust watchdog raid

BASF India

08/09/2021 10:46

** Shares of agro chemicals and vegetable seed co  BASF.NS 
fall as much as 3% to 3,411.10 rupees, their biggest intra-day
pct. loss since Aug. 23
    ** India's antitrust watchdog raids local offices of several
vegetable seed companies including a unit of Germany's BASF
 BASFn.DE , Reuters reports  urn:newsml:reuters.com:*:nL4N2QA1TY
    ** Raids were related to alleged price collusion 
    ** In recent years, the antitrust watchdog has raided
several companies in cases of alleged price fixing, including
the likes of beer giant Carlsberg and commodities trader
Glencore
    ** About 81,600 BASF shares trade vs the 30-day avg. of
217,580
    ** Mumbai-based BASF shares up 116.43%, as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))