BASF India shares lit up the trading floor on Friday, climbing almost 9% after the company unveiled its plans to demerge its agricultural solutions business into a standalone entity. The stock kicked off the day at ₹5,780.05, quickly rallying to ₹5,944.30 on the BSE, marking an impressive 8.9% jump. By mid-morning, it settled slightly, trading 5.67% higher at ₹5,769.55. The excitement stemmed from an announcement late Thursday, where BASF India’s board gave its nod for the spin-off. This move aligns with BASF SE’s global strategy to separate its agricultural solutions business by 2027, both legally and through enterprise resource planning (ERP). BASF India has been prepping for this shift, first hinting at the changes in December last year and providing updates along the way, including a September 2024 assessment of how the global strategy affects its Indian operations. BASF India’s agricultural solutions unit, now poised for greater autonomy, could emerge as a significant player in its own right.