ASIAN PAINTS LTD. - Acquisition

Download	< Back
03 Apr 2017
Further to our letter no. APL/SEC/08/377 dated 16th February, 2017 wherein the Company had informed you that Berger International Private Limited ('BIPL'), Singapore, indirect subsidiary of the Company, had entered into a Share Purchase Agreement with the existing shareholders of CPLPL, Sri Lanka, for acquisition of 100% controlling stake in CPLPL in an all cash deal ('transaction'), subject completion of certain condition precedents by CPLPL and Statutory approvals, if any. We have been informed that BIPL has, today, completed the aforesaid transaction for a consideration of LKR 9050 million (approx. Rs. 386.75 Crores at exchange rate of 1 INR = 2.34 LKR) in cash. None of the persons belonging to Promoter/Promoter Group, Director(s) and Key Managerial Personnel(s) of the Company has any interest in the acquisition and it is not a related party transaction for the Company. This is for your information and record.
View all announcements for ASIAN PAINTS LTD.	Source: BSE India

Stocks	Mutual Funds		Investment tracking
A-Z Gainers - Daily \| Weekly \| Monthly Losers - Daily \| Weekly \| Monthly Group-wise listing IPO \| Top IPOs Recent IPOs \| IPO News Similar Price band Most traded - By volumes Top 100 - By market capitalisation Latest Company Results Management Speaks Market News	Top 25 schemes High-risk, High-returns Medium-risk, Medium-returns Low-risk, Low-returns Gilt Funds Funds of Funds Special Funds Liquid Funds Dynamic Asset Allocation NFOs MF Selector	Equity - ELSS Equity - Index Funds Equity - Sector Funds Equity - Balance Fund Equity - Diversified Fund MF News Budget 2024	My Portfolio My Watch List If You Had Invested... Global Indicators Forex Converter Market Indices Sectoral Indices World Indices Market Astrology Advertise with us