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MoneyWorks4Me

Kansai Nerolac Paints’ promoter hikes stake by 2.02%

27 Feb 2016 Evaluate

Kansai Nerolac Paints’ Japanese promoter Kansai Paint Co has increased its stake in the company by 2.02% for Rs 287 crore in the open market. Kansai Paint Co, which had 69.27% stake earlier, has hiked its shareholding in the company to 71.29%.

Kansai Nerolac Paints is amongst the leading paint companies in India. The company’s manufacturing facilities are located at Uttar Pradesh, Maharashtra, Tamil Nadu and Haryana.

 

Peers
Company Name CMP
Asian Paints 2542.00
Berger Paints India 478.05
Kansai Nerolac Paint 196.05
JSW Dulux 271.80
Indigo Paints 913.60
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