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Asian Paints gains on acquiring 100% stake in Reno for Rs 159.52 crore

13 Dec 2017 Evaluate

Asian Paints is currently trading at Rs. 1127.10, up by 8.60 points or 0.77% from its previous closing of Rs. 1118.50 on the BSE.

The scrip opened at Rs. 1117.00 and has touched a high and low of Rs. 1129.50 and Rs. 1111.05 respectively. So far 7,248 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1261.25 on 14-Sep-2017 and a 52 week low of Rs. 850.10 on 22-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1152.45 and Rs. 1102.60 respectively. The current market cap of the company is Rs. 1,08,111.00 crore.

The promoters holding in the company stood at 52.79%, while Institutions and Non-Institutions held 26.19% and 21.02% respectively.

Asian Paints has acquired 100% stake in Reno Chemicals Pharmaceuticals and Cosmetics (Reno), having its Registered Office at Santacruz East, Near Asian Paints, Mumbai. The company has acquired 4,950 equity shares of the face value of Rs 100 for an amount of Rs 159.52 crore.

This step has been taken by the company with an objective of using the land and building of Reno to meet its growing infrastructure requirements.

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.



Asian Paints Share Price

2516.30 52.90 (2.15%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2516.30
Berger Paints India 484.35
Kansai Nerolac Paint 203.90
JSW Dulux 2881.45
Indigo Paints 838.00
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