News Details

( 12/12/2017 16:53)
Asian Paints Ltd. - Acquisition

In compliance with Regulation 30 of the Securities and Exchange Board of India ('SEBI') (Listing Obligations and Disclosure Requirements) Regulations 2015 ('LODR Regulations'), this is to inform that the Company has acquired 100% stake in Reno Chemicals Pharmaceuticals And Cosmetics Private Limited (Reno), having its Registered Office at 6B, Shanti Nagar, Vakola, Santacruz East, Near Asian Paints, Mumbai - 400 055, CIN: U24110MH1972PTC015839, consisting of 4950 equity shares of the face value of Rs.100/- (Rupees one hundred only) for an amount of Rs. 159.52 crores.

The aforesaid transaction is with an objective of using the land and building of Reno to meet the Company's growing infrastructure requirements.

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