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Asian Paints Ltd Announces Acquisition Of Sleek Group

Tuesday, 19 Mar 2013 05:04am EDT 

Asian Paints Ltd announced that the Board of Directors of the Company at its meeting held on March 19, 2013, has considered and approved in principle an arrangement with the promoters of the Sleek Group for acquiring a 51% stake in the Sleek Group, subject to due diligence, necessary approvals and documentation. Sleek Group is engaged in the business of manufacturing, selling and distributing kitchens, kitchen components including wire baskets, cabinets, appliances, accessories, etc., with pan India presence. Financial terms were not disclosed. 

Company Quote

12.45 +1.70%
4:03am EST