This is further to our letter dated 11th December, 2025 informing that the Board of Directors of the Company had granted approval for sale of the Company s entire stake of 60% of the total equity share capital of Kansai Paints Lanka (Private) Limited, the Company s subsidiary in Sri Lanka, to Atire (Private) Limited, a Sri Lankan entity.An Agreement for sale of the stake, namely Share Sale and Purchase Agreement , has been executed by the Company, today i.e. Tuesday, 16th December, 2025. With the completion of the sale transaction as aforesaid, Kansai Paints Lanka (Private) Limited will cease to be a subsidiary of the Company.
KANSAINER · price
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Kansai Nerolac Paints has executed a Share Sale and Purchase Agreement to sell its entire 60% stake in Kansai Paints Lanka (Private) Limited, its Sri Lankan subsidiary, to Atire (Private) Limited. The deal was approved by the Board on 11th December 2025, and the agreement was signed on 16th December 2025. Upon completion, Kansai Paints Lanka will cease to be a subsidiary of Kansai Nerolac. This marks a complete exit from the Sri Lankan paints market for the company.
This divestment allows Kansai Nerolac to exit its Sri Lankan operations and focus on its core Indian market. Shareholders may see a minor positive impact as the company streamlines its international footprint, though the financial impact depends on the sale consideration which has not been disclosed in this announcement.