Asian Paints gains on plans to acquire Kadisco Paint
Asian Paints gained on plans to acquire majority stake in Kadisco Paint
 "Asian Paints gains on plans to acquire Kadisco Paint")
Asian Paints will acquire 51% stake in Ethiopia-based Kadisco Paint through its Singapore-based subsidiary Berger International for an undisclosed sum.
"Berger International Limited, Singapore, a wholly owned subsidiary of Asian Paints (International) Limited on October 22, 2014 has signed a share purchase agreement and other definitive agreements and documents to acquire 51% stake in Kadisco," Asian Paints informed the BSE.
The stock opened at Rs 653 and touched a high of Rs 656 so far. Over 161,000 shares were traded on both the stock exchanges so far.