Asian Paints (International) transfers its entire stake in Asian Paints (Lanka) to Berger International
Asian Paints announced that as a part of the Company's plan to consolidate its investments in the overseas subsidiaries, Asian Paints (International) (APIL), Mauritius, a wholly owned subsidiary of the Company has transferred its entire holding of 99.18% held in the subsidiary Company, Asian Paints (Lanka), Sri Lanka, to Berger International, Singapore, a wholly owned subsidiary of APIL. The transfer process has been completed on 19 September 2016.None of the Promoters, Directors, Key Managerial Personnel or their relatives are directly / indirectly interested in the aforesaid proposal.
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