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Asian Paints arm acquires Sri Lankan firm Causeway Paints

Asian Paints arm acquires Sri Lankan firm Causeway Paints

Monday, April 3, 2017, 3:45 PM

Asian Paints today said its subsidiary Berger International has fully acquired Sri Lanka's Causeway Paints in an all-cash deal of Rs 387 crore. Berger International Pvt Ltd (BIPL) has today completed the transaction for a consideration of LKR (Lankan Rupee) 9,050 million (approximately Rs 386.75 crore) in cash, Asian Paint said in a BSE filing.
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