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Asian Paints acquires 11% stake in White Teak

23 Jun 2023 Evaluate

Asian Paints has acquired further 11% of the equity share capital of White Teak for a consideration of around Rs 54 crore from the promoters of White Teak. The company now holds 60% of equity share capital of White Teak, by virtue of which White Teak has become a subsidiary of the company. Post-acquisition of 11% of the equity share capital, White Teak has become a subsidiary of the Company. 

The acquisition of stake in White Teak would be a next step forward in the company’s foray of being a complete home decor solution provider. Post-acquisition of 11% of the equity share capital, White Teak has become a subsidiary of the company. Earlier, the company had acquired 49% of the equity share capital of White Teak for a consideration of around Rs 180 crore in April, 2022.

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.

Asian Paints Share Price

2463.40 23.05 (0.94%)
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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