Asian Paints’ arm inks pact to acquire 100% stake in CPLPL

16 Feb 2017

Asian Paints’ indirect subsidiary Berger International (BIPL), Singapore, has entered into a share purchase agreement with the existing shareholders of Causeway Paints Lanka (CPLPL), Sri Lanka, for acquisition of 100% stake in CPLPL in an all cash deal.

The said transaction is with an objective of enhancing the group’s presence in the Sri Lankan market where the company through its subsidiary company, Asian Paints (Lanka), already has operations.

Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.

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