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Asian Paints acquires Sri Lankan firm Causeway Paints

Causeway Paints had reported revenues of approximately Rs 253.60 crore in the previous fiscal

BS B2B Bureau  |  Mumbai 

Asian Paints Ltd, through its Singapore-based indirect subsidiary Berger International Pvt Ltd (BIPL), has acquired Causeway Paints Lanka Pvt Ltd, the Sri Lankan paints manufacturing company.  “Berger International Private Limited, Singapore, indirect subsidiary of the company, has entered into a share purchase agreement with the existing shareholders of Causeway Paints Lanka Pvt Ltd (CPLPL), Sri Lanka, for acquisition of 100 percent stake in CPLPL in an all cash deal,” said Asian Paints Ltd in a BSE filing. The acquisition will enhance the group's ...

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Asian Paints acquires Sri Lankan firm Causeway Paints

Causeway Paints had reported revenues of approximately Rs 253.60 crore in the previous fiscal

Causeway Paints had reported revenues of approximately Rs 253.60 crore in the previous fiscal Asian Paints Ltd, through its Singapore-based indirect subsidiary Berger International Pvt Ltd (BIPL), has acquired Causeway Paints Lanka Pvt Ltd, the Sri Lankan paints manufacturing company.  “Berger International Private Limited, Singapore, indirect subsidiary of the company, has entered into a share purchase agreement with the existing shareholders of Causeway Paints Lanka Pvt Ltd (CPLPL), Sri Lanka, for acquisition of 100 percent stake in CPLPL in an all cash deal,” said Asian Paints Ltd in a BSE filing. The acquisition will enhance the group's ... image
Business Standard
177 22

Asian Paints acquires Sri Lankan firm Causeway Paints

Causeway Paints had reported revenues of approximately Rs 253.60 crore in the previous fiscal

Asian Paints Ltd, through its Singapore-based indirect subsidiary Berger International Pvt Ltd (BIPL), has acquired Causeway Paints Lanka Pvt Ltd, the Sri Lankan paints manufacturing company.  “Berger International Private Limited, Singapore, indirect subsidiary of the company, has entered into a share purchase agreement with the existing shareholders of Causeway Paints Lanka Pvt Ltd (CPLPL), Sri Lanka, for acquisition of 100 percent stake in CPLPL in an all cash deal,” said Asian Paints Ltd in a BSE filing. The acquisition will enhance the group's ...

image
Business Standard
177 22