Asian Paints Ltd announced on Friday that it had acquired an additional 11% stake in White Teak, a home decor company for ₹54 crore. As part of their agreement, the paint company paid White Teak ₹59.5 crore as an earn...
Sajjan Jindal group planning JSW Paints stake sale to private equity funds
Billionaire Sajjan Jindal-led JSW Group is exploring a potential stake sale in JSW Paints, said two people directly aware of the development, as it looks to build capacity and establish a countrywide presence to take on...
Kansai Nerolac Paints acquires 40% stake of Nerofix from Polygel for ₹37 crore
The Board of Kansai Nerolac Paints (KNPL) has approved the acquisition of shares (40 per cent of the total shareholding) of Nerofix from Polygel for a cash consideration of ₹37 crore. In January 2020, KNPL had acquired...
JK Cement arm acquires 60% stake paint firm Acro Paints Ltd
JK Cement on Friday said that its subsidiary has acquired paint manufacturer and construction chemicals company Acro Paints Limited. JK Cement’s wholly owned subsidiary JK Paints & Coatings Limited has...
UK Paints(India) acquires 50.092% stake in Berger Paints
U.K Paints (India) Ltd on Wednesday announced that it has acquired 50.09 per cent stake in Berger Paints. UK Paints (India) acquired the shares through open market operations. The company has acquired the 20,000 shares...
Sequoia Capital India sells stake in Indigo Paints for ₹210 crore
Sequoia Capital India on Wednesday divested nearly 3.3 per cent stake in paint manufacturer Indigo Paints for ₹210 crore through open market transactions. According to the bulk deal data available with the BSE, Sequoia...
Asian Paints’ new acquisitions unlikely to add colour to its business soon
Asian Paints announced the acquisition of two companies – one engaged in decorative lighting and another in fenestration. These are small acquisitions enabling the company’s foray into these two new segments...
Wendel in talks to sell paints company Cromology to DuluxGroup
French holding company Wendel said it was in exclusive talks to sell decorative paints specialist Cromology to DuluxGroup, after Dulux made an offer giving Cromology an entreprise value of 1.26 billion euros ($1.47...
Dulux maker Akzo Nobel confirms 1.4 billion-euro bid for Tikkurila
Dutch paints and coatings maker Akzo Nobel on Thursday confirmed its 1.4 billion-euro ($1.7 billion) offer for Finland’s Tikkurila, after beating a U.S. rival’s offer last week. The Dulux paint maker stuck to the 31.25...
Akzo Nobel takes on PPG in battle to buy Finland’s Tikkurila
Dutch paints and coatings maker Akzo Nobel locked horns with U.S. rival PPG Industries again on Monday, making a $1.7 billion counterbid for Finland’s Tikkurila. Akzo said it was willing to pay 31.25 euros per...
PPG sweetens deal to buy Finnish paint maker Tikkurila for $1.52 billion
Tikkurila Oyj on Tuesday agreed to PPG Industries Inc’s increased buyout offer of 1.24 billion euros ($1.52 billion) after the Finnish paint maker received a competing proposal. Tikkurila shareholders would get 27.75...
Nippon Paint in $12 billion deal to buy Wuthelam assets; Wuthelam stake hits 60%
Nippon Paint Holdings Co Ltd on Friday said it inked a deal worth 1.285 trillion yen ($12.18 billion) with Singapore’s Wuthelam Group, whose stake in the Japanese company will rise to just under 60% from 39%. Following...
