Asian Paints in news
ASIANPAINT sold its 4.42% stake in Akzo Nobel India, comprising 20,10,626 shares, for Rs 734 crore at Rs 3,651 per share, fully exiting its investment.
This move comes amid heightened activity in the paint sector, following JSW Paints' Rs 8,986 crore acquisition of Dulux. India's Rs 90,000-crore paint market is competitive, with Birla Opus recently entering in February 2024.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.
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