News Details

( As on 16/12/2025 19:16)

Kansai Nerolac Paint - Diversification/Disinvestment

This is further to our letter dated 11th December, 2025 informing that the Board of Directors of the Company had granted approval for sale of the Company s entire stake of 60% of the total equity share capital of Kansai Paints Lanka (Private) Limited, the Company s subsidiary in Sri Lanka, to Atire (Private) Limited, a Sri Lankan entity.An Agreement for sale of the stake, namely Share Sale and Purchase Agreement , has been executed by the Company, today i.e. Tuesday, 16th December, 2025. With the completion of the sale transaction as aforesaid, Kansai Paints Lanka (Private) Limited will cease to be a subsidiary of the Company.