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Kansai Nerolac Paints enters into joint venture agreement with Polygel Industries

07 May 2019 Evaluate

Kansai Nerolac Paints has entered into joint venture agreement with Polygel Industries. By virtue of the joint venture agreement, the company and Polygel will establish a joint venture in India, by incorporating a separate company, to which the adhesives, construction chemicals and sealants business of Polygel would be transferred under a separate Business Transfer Agreement.

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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