| Asian Paints has acquired 51% stake in Harind Chemicals and Pharmaceutical (Harind) from Aapex Power and Industries for a consideration of Rs 14.28 crore.
Accordingly, Harind and Nova Surface-Care Centre, a wholly owned subsidiary of Harind, have become subsidiary companies of the Company.
The second tranche of 19% and the third tranche of 20% would be acquired from the existing shareholders, in a staggered manner. |