Asian Paints to divest entire stake in unit

Asian Paints to divest entire stake in unit
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First Published: Tue, Sep 01 2009. 06 01 PM IST
Updated: Tue, Sep 01 2009. 06 01 PM IST
Mumbai: Asian Paints Ltd said on Tuesday that it will divest its entire stake in Berger Paints (China) Co Ltd to Golden Fly Horse International Holdings Co Ltd for $596,000.
Berger International Ltd, Singapore, a unit of Asian Paints, had signed the conditional share purchase agreement to divest its entire stake in Berger Paints (China) Co Ltd, pending regulatory approvals, it said in a statement to the Bombay Stock Exchange (BSE).
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First Published: Tue, Sep 01 2009. 06 01 PM IST