Asian Paints' wholly owned subsidiary - Asian Paints (International) (APIL), Mauritius, has transferred its entire holding of 60% held in the subsidiary company, SCIB Chemical S.A.E., Egypt, to Berger International, Singapore (BIL), a wholly owned subsidiary of APIL. This step has been taken with the company’s plan to consolidate its investments in the overseas subsidiaries.
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, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.
