Don’t miss the latest developments in business and finance.

Board of Kansai Nerolac Paints approves acquisition of balance stake in Nerofix

Image
Capital Market
Last Updated : Mar 03 2023 | 6:04 PM IST

At meeting held on 03 March 2023

The Board of Kansai Nerolac Paints has approved the acquisition of shares (40% of the total shareholding) of Nerofix from Polygel for a cash consideration of Rs 37 crore. Consequent to the said acquisition of shares, Nerofix will become a wholly owned (100%) subsidiary of Kansai Nerolac Paints.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Mar 03 2023 | 5:56 PM IST

Next Story