Asian Paints International (APIPL), Singapore, a wholly-owned subsidiary of Asian Paints, entered into a Share Purchase Agreement with certain minority shareholders of SCIB Chemicals S.A.E., Egypt (SCIB), a subsidiary of APIPL and SCIB for the acquisition of 24.3% of the share capital of SCIB for a consideration of USD 4.13 Mn (~Rs 34.42 crore) on 26 May 2024.
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