Asian Paints has received approval for Scheme of amalgamation of Reno Chemicals Pharmaceuticals & Cosmetics, a wholly owned subsidiary of the Company. The Board of Directors of the Company at its meeting held on January 22, 2020 has approved the same. The amalgamation will result in reduction in the multiplicity of legal and regulatory compliances and reduced costs.
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.
