As on (02 Mar 2024 | 01:30)
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Asian Paints hikes its stake in White Teak Back
(23 Jun 2023)
Asian Paints has further acquired 11% stake in White Teak for a consideration of Rs. 54 crore (approx.) from the promoters of White Teak.

The Company now holds 60% of equity share capital of White Teak, by virtue of which White Teak has become a subsidiary of the Company.

Additionally, in terms of the Definitive Documents, an earn out amount of Rs. 59.5 crore (approx.), based on achievement of mutually agreed financial milestones, has also been paid to the promoters of White Teak.

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