Asian Paints acquires 51% stake in Harind Chemicals

Asian Paints entered into definitive agreements to acquire a 51% stake in Harind Chemicals and Pharmaceuticals Private Limited for approximately Rs. 12.75 crores ($1.5 million), with an agreement to acquire an additional 39% over five years.

“Asian Paints has entered into a definitive agreements to acquire a 51% stake in Harind Chemicals and Pharmaceuticals Private Limited from Aapex Power and Industries Private Limited, Dr. Swapan Ghosh & others, for a consideration of approximately Rs. 12.75 crores ($1.5 million).”coatingsworld.com

• 2 sources
• coatingsworld.comAsian Paints Enters into Nanotechnology Partnership with Harind - Coatings WorldSaveOct 26, 2022
• statnano.comAsian Paints Enters into Nanotechnology Partnership with Harind | STATNANONov 4, 2022

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