Asian Paints buys remaining 49 pc stake in Sleek

Asian Paints today said it has purchased the remaining 49 per cent stake in kitchen solution provider Sleek International Pvt Ltd for Rs 50 crore.
Asian Paints had in 2013, acquired 51 stake in Sleek group to foray into home improvement segment.
The company has purchased the balance stake in Sleek, which has now become a wholly-owned subsidiary of Asian Paints, it said in a regulatory filing.
The stock of Asian Paints closed 0.55 per cent down at 1,128.10 apiece on BSE today.