Kansai Nerolac completes sale of Sri Lankan subsidiary stake

Core Business DivestedStrategic Transactions View source PDF Explain this filing

KANSAINER · price

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Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹224.50

prior close

₹224.41

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.9%+0.2% vs market

Paints peers, median of 8sector-0.9%+0.2% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.2 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-0.4

15m

-0.5

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7-0.9+0.2-0.9+0.2

Next day

-1.4-1.2-0.2-1.6+0.2

-0.2+0.0-0.3-0.6+0.3

-0.3+1.4-1.7-0.0-0.3

-0.1+1.5-1.6+0.9-1.0

+10.5+0.9+9.6-1.7+12.2

+4.7-0.4+5.1-2.8+7.5

15d

+4.4-0.3+4.7-0.4+4.8

+3.8-4.2+8.0-4.1+7.9

-10.2-1.7-8.6-15.1+4.8

-22.5-11.4-11.1-20.5-2.0

UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Kansai Nerolac has completed the sale of its entire 60 percent stake in Sri Lankan subsidiary Kansai Paints Lanka to Atire (Private) Limited for about Rs 5.25 lakh. The subsidiary contributed only 0.008 percent of consolidated turnover and had negative net worth of around Rs 1.93 crore, making it immaterial to overall business.

Likely market impact

Sale of a tiny, loss-making subsidiary; simplifies group structure with negligible financial impact.