Epic Research Update : Asian Paints

Asian Paints (International), Mauritius (APIL), has signed an agreement with the shareholders of Kadisco Chemical Industry PLC, Ethiopia (Kadisco) to acquire either directly or through its subsidiaries, 51% of the equity share capital of Kadisco. This acquisition is subject to applicable regulatory and other approvals. Kadisco is engaged in the manufacturing and selling of paints, other coatings and adhesives in Ethiopia.

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