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| Exchange Disseminated Time 16/02/2017 10:15:23 | Asian Paints Ltd
has informed BSE that Berger International Private Limited ("BIPL"), Singapore, indirect subsidiary of the Company, has entered into a Share Purchase Agreement with the existing shareholders of Causeway Paints Lanka (Private) Limited ("CPLPL"), Sri Lanka, for acquisition of 100% stake in CPLPL in an all cash deal ("transaction").
The aforesaid transaction is with an objective of enhancing the group's presence in the Sri Lankan market where the Company through its subsidiary Company, Asian Paints (Lanka) Limited, already has operations. |
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