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Kansai Nerolac Paints to acquire Marpol

Capital Market 

For consideration of Rs 36 crore

Kansai Nerolac Paints has entered into Share Purchase Agreements (SPAs) to acquire 100% equity stake in Marpol for an aggregate consideration of Rs. 36 crore before adjustments due to legal and financial due diligence.

Marpol is a pioneer in power coating business and its brand is very reputed. Marpol manufactures products such as epoxy polyester, pure polyester, pure epoxy and polyurethane powder.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 05 2018. 10:32 IST