Asian Paints informs about updates on subsidiary

16 Feb 2017

Asian Paints has informed that Berger International Private Limited (‘BIPL’), Singapore, indirect subsidiary of the Company, has entered into a Share Purchase Agreement with the existing shareholders of Causeway Paints Lanka (Private) Limited (‘CPLPL’), Sri Lanka, for acquisition of 100% stake in CPLPL in an all cash deal (‘transaction’). The aforesaid transaction is with an objective of enhancing the groups presence in the Sri Lankan market where the Company through its subsidiary Company, Asian Paints (Lanka) Limited, already has operations.

The above information is a part of company’s filings submitted to BSE.

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