Asian Paints’ overseas subsidiary Asian Paints (International) (APIL), Mauritius, has transferred its entire holding in Asian Paints (Vanuatu) to Singapore-based Berger International. The transfer of stake to Berger International is part of the company’s plans to consolidate its investment in the overseas subsidiaries.
In October, Asian Paints Internationals Mauritius subsidiary transferred its majority stake in two entities to Singapore-based Berger International. APIL had transferred its entire holding of 80 percent held in the subsidiary company Samoa Paints, Samoa and 75 percent holding in the subsidiary company Asian Paints (SI), Solomon Islands, to Berger International.
Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.
