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Kansai Nerolac Paints gets nod to sell land parcel to Aethon Developers

27 Dec 2023 Evaluate

Kansai Nerolac Paints’ Board has approved a proposal for entering into an Agreement for Sale with Aethon Developers, subsidiary of Runwal Developers (Purchaser). The agreement is for the sale of the company’s land parcel at Lower Parel together with building thereon, for a consideration of Rs 726 crore. 

Accordingly, the company has entered into an Agreement for Sale with the Purchaser. The sale is subject to completion of procedures and approvals as may be necessary in this regard.

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

194.35 -2.55 (-1.30%)
05-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2432.30
Berger Paints India 470.50
Kansai Nerolac Paint 194.35
JSW Dulux 2979.30
Indigo Paints 863.70
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