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Kansai Nerolac Paints gets nod to acquire 40% stake in Nerofix from Polygel Industries

03 Mar 2023 Evaluate

Kansai Nerolac Paints has received approval from board of directors to acquire 40% stake in Nerofix from Polygel Industries. Consequent to the said acquisition of shares, Nerofix will become a wholly owned subsidiary of Kansai Nerolac Paints. The acquisition will provide benefits of synergy and growth to Kansai Nerolac Paints. The Board of Directors at their meeting held on March 03, 2023 has approved 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.

Kansai Nerolac Paint Share Price

196.20 6.70 (3.54%)
15-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2422.95
Berger Paints India 474.55
Kansai Nerolac Paint 196.20
JSW Dulux 3001.00
Indigo Paints 835.70
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