Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 January, 2018 05:53 IST
Asian Paints acquires 100% stake in Reno for Rs 1.59 bn
Source: IRIS | 13 Dec, 2017, 10.18AM
Comments  |  Post Comment

Asian Paints has acquired 100% stake in Reno Chemicals Pharmaceuticals and Cosmetics (Reno), having its Registered Office at Santacruz East, Near Asian Paints, Mumbai. The company has acquired 4,950 equity shares of the face value of Rs 100 for an amount of Rs 1.59 billion.

This step has been taken by the company with an objective of using the land and building of Reno to meet its growing infrastructure requirements.

Shares of the company declined Rs 4.1, or 0.37%, to trade at Rs 1,114.40. The total volume of shares traded was 2,540 at the BSE (10.05 a.m., Wednesday).



Asian Paints Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Ashok Leyland signs Lol with Phinergy, Israel for high energy EV - 17-Jan-2018 16:20
Transformers & Rectifiers India receives Rs 1.26 bn order - 17-Jan-2018 16:05
Tata Power's JV lauded with best in class T&D Infra Asset' - 17-Jan-2018 16:01
BHEL wins Rs 28 bn thermal power project in Maharashtra - 17-Jan-2018 15:56
Gayatri Projects secures 2 NHAI road projects worth Rs 9.23 bn - 17-Jan-2018 15:52
TCS bags over USD 690 mn deal from M&G Prudential - 17-Jan-2018 10:13
Sun Pharma settles patent dispute for generic Linzess - 17-Jan-2018 09:48
Bank of Baroda partners with Invoicemart as TReDS partner - 16-Jan-2018 18:01
Reliance Capital appoints Arijit De as Chief Communications Officer - 16-Jan-2018 10:59
SBI ties up with Transfast Remittance LLC for remittance - 16-Jan-2018 09:53
SBI ties up with Transfast Remittance LLC for remittance - 15-Jan-2018 16:13
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer