Berger Paints India to acquire Sherwin Williams unit
Commenting on the development, Berger Paints India Chairman K S Dhingra said: "This transaction will significantly increase our presence in key markets, it builds on our strategy to grow our architectural paint business throughout India..."
Berger Paints manufactures and markets a range of decorative and industrial paints in India. It has seven manufacturing plants.
The company's scrips were trading at Rs 206.10 per share in the afternoon trade, up 2.28 per cent from the previous close on the BSE.
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