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Asian Paints to sell Indonesia business to THIS company for Rs 48 crore
Asian Paints has announced that it will sell its Indonesia business to Berger Paints Singapore. Asian Paints, which is India's largest paint company by market share, is facing tough competition from ...
Asian Paints to book ₹90 crore loss on divestment of Indonesia business, stock dips. Check details
Asian Paints announced the divestment of its operations in Indonesia, resulting in a potential loss of ₹90 crore. The deal, valued at SGD 7.5 million, involves selling its subsidiaries to Berger ...
The Financial Express18d
Asian Paints to sell its Indonesia business for Rs 48 crore, will book Rs 90 crore worth of loss on divestment
APIPL had set up 2 wholly owned entities, PT Asian Paints Indonesia and PT Asian Paints Color Indonesia, about 9 years ago to tap the architectural coatings opportunity in Indonesia. However ...
Reuters19d
India's Asian Paints to exit Indonesia in nearly $6 million deal
The Indian paint maker said, opens new tab early last year that pursuing growth in Indonesia was "tough" due to profitability and cost control being under pressure. "Despite the varied strategic ...
Nikkei Asia18d
India's Asian Paints to exit Indonesia after 9-year struggles
The Indian paint maker said early last year that pursuing growth in Indonesia was "tough" due to profitability and cost control being under pressure.