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Berger Paints to transfer business to BNB coatings

29 Apr 2016 Evaluate

Berger Paints has entered into a formal “business transfer agreement” with its joint venture BNB Coating India. BNB is understood to have entered a similar agreement with Nippon Paint (India) for transfer of its four wheeler car body paint business. However, the valuations of respective businesses, which are being added to BNB, have been kept undisclosed.

BNB Coatings is a 51:49 per cent joint venture between NPAU and Berger Paints, respectively.

Berger Paints India is the second largest paint company in the country with a consistent track record of being one of the fastest growing paint company, quarter on quarter, for the past few years.

 

Berger Paints India Share Price

468.80 -3.85 (-0.81%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2463.40
Berger Paints India 468.80
Kansai Nerolac Paint 203.05
JSW Dulux 2930.65
Indigo Paints 839.55
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