Asian Paints Ltd.

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.