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Kansai Nerolac Paints to merge two subsidiaries with itself

30 Jul 2019 Evaluate

Kansai Nerolac Paints has received approval for Scheme of Amalgamation of the company's wholly owned subsidiaries -- Marpol and Perma Construction Aids with the company. The Board of Directors of the Company at its meeting held on July 29, 2019 has approved the same.

The merger will provide benefits of synergy, economies of scale, growth and expansion to the company.

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 2348.00
Berger Paints India 468.70
Kansai Nerolac Paint 179.85
JSW Dulux 261.65
Indigo Paints 869.70
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