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Hella Infra Market plans to invest in Shalimar Paints

19 Jan 2022 Evaluate

Hella Infra Market (the parent company of Infra.Market) is planning to invest an amount of Rs 270 crore through a combination of equity and debentures in Shalimar Paints (SPL), subject to shareholders' and necessary regulatory approvals. Notably, EY (formerly Ernst & Young) acted as the exclusive financial advisor to Shalimar Paints. The move will enable Shalimar Paints to strengthen its balance sheet, enhance its product offerings, and seed newer markets. 

Shalimar Paints is engaged in the manufacturing and marketing of decorative paints and industrial coatings.

Shalimar Paints Share Price

54.05 0.88 (1.66%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2463.40
Berger Paints India 468.80
Kansai Nerolac Paint 203.05
JSW Dulux 2930.65
Indigo Paints 839.55
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