Asian Paints Limited acquires 4.79 crore equity shares of Asian Paints International Private Limited, Singapore, a wholly-owned subsidiary of the company (APIPL). The company acquires 4.79 crore equity shares at the price of SGD (Singapore currency) 0.67 per share. The company acquires for a consideration of approx. SGD 32.1 Mn, ~Rs. 200 crore in Indian Currency.

The company informs the exchange about acquisition of shares in wholly-owned subsidiary of the Company on Wednesday, July 3.

The meeting of Board of Directors of the Company was held on 28th March, 2024 and the Board of Directors approved to acquire 4.79 crores equity shares

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