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

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Capital Market

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.

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

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