Asian Paints, a leading paint company based in India, on Friday said that its indirect subsidiary, Berger International Private Limited, Singapore (BIPL), has entered into a share purchase agreement with ANSA Coatings International Limited, St. Lucia.
“Under the share purchase agreement, BIPL will divest its entire stake in its wholly owned subsidiary, Lewis Berger (Overseas Holdings) Limited, UK, to ANSA Coatings,” said Asian Paints in a filing to the Bombay Stock Exchange.
Meanwhile, shares of company closed day’s trade at Rs 1144.80 apiece, up 0.32 per cent, on the BSE.