Investment20 Mar 2025, 10:22 pm
Asian Paints Ltd Completes Divestment of Indonesia Operations for Rs. 44 Crores
AI Summary
Asian Paints Ltd has completed the divestment of its Indonesia operations by selling the entire stake held by Asian Paints International Private Limited (APIPL) in PT Asian Paints Indonesia and PT Asian Paints Color Indonesia. The deal, worth SGD 6.8 Mn (approximately Rs. 44 crores), was completed on 20th March 2025. This move is in line with the company's strategic decisions and regulatory requirements.
Key Highlights
- Asian Paints Ltd has completed the divestment of its Indonesia operations.
- The entire stake held by APIPL in PTAPI and PTAPCI has been sold for a consideration of SGD 6.8 Mn (~Rs. 44 crores).
- This divestment was completed on 20th March 2025.
- PTAPI and PTAPCI have ceased to be subsidiaries of APIPL.
- This move is in line with the company's strategic decisions and regulatory requirements.