Indigo Paints to acquire 51% stake in Apple Chemie India

Indigo Paints entered into a share purchase agreement to acquire a 51% equity stake in Apple Chemie India Private Ltd, a manufacturer of construction chemicals and waterproofing products, for Rs 6,529 per share (44,924 shares).

“With this partnership, Indigo Paints will be entering into the adjacent areas of construction chemicals and waterproofing space.”cnbctv18.com

• 2 sources
• cnbctv18.comIndigo Paints to acquire 51% stake in construction chemical firm Apple Chemie - CNBC TV18Jomy Jos PullokaranApr 3, 2023
• cbinsights.comApple ChemieApr 4, 2023

Summarized from public sources; check the original articles before acting on it.