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Kansai Nerolac Paints gets nod to merger of wholly-owned subsidiaries with itself

02 May 2019 Evaluate

Kansai Nerolac Paints’ board has granted in-principle approval to the merger of Marpol and Perma Construction Aids, both wholly-owned subsidiaries of the company, with the company. The Board of Directors of the company at its meeting held on May 2, 2019 has approved for the same.

Kansai Nerolac Paints is amongst the leading paint companies in India. The company offers a range of products, including decorative, Automotive Coatings and Performance coatings.

Peers
Company Name CMP
Asian Paints 2445.00
Berger Paints India 458.25
Kansai Nerolac Paint 180.70
JSW Dulux 3199.80
Indigo Paints 1127.90
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