News Details

( 11/12/2017 16:34)
Asian Paints Ltd. - Acquisition

Asian Paints Limited has informed the Exchange vide letter dated December 11, 2017 that "This is with reference to the Press Release dated 8th August, 2013 issued by the Company, wherein it was informed that the Company had acquired 51% stake in the kitchen solution provider company, Sleek International Private Limited (Sleek), from the Ahuja family (Rajesh Ahuja, Monesh Ahuja, Thakur Ahuja and Jyoti Ahuja) by entering into a Shareholders Agreement with the Ahuja family and Sleek. It is informed that the Company, today, has purchased the balance stake (49% of the share capital) in Sleek from the Ahuja Family and the Shareholders Agreement dated August 08, 2013 with the Ahuja Family has been terminated. Sleek has now become a wholly owned subsidiary of the Company."

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