<article><a href="https://www.dealstreetasia.com/?s=Asian+Paints+Ltd" target="_blank" rel="noopener">Asian Paints Ltd</a> has acquired Reno Chemicals Pharmaceuticals and Cosmetics Pvt Ltd for Rs 159.52 crore ($24.7 million) in cash.</article>

<a href="https://www.dealstreetasia.com/?s=Asian+Paints+Ltd" target="_blank" rel="noopener">Asian Paints Ltd</a> has acquired Reno Chemicals Pharmaceuticals and Cosmetics Pvt Ltd for Rs 159.52 crore ($24.7 million) in cash.
The company has bought 4,950 equity shares of Reno at Rs 3,22,258 apiece aggregating to Rs 159.52 crore, according to a stock market disclosure.
The acquisition will help Asian Paints to use its land and building for its growing infrastructure requirements.
On Monday, the company <a href="https://www.dealstreetasia.com/stories/india-asian-paints-acquires-remaining-49-stake-sleek-international-7-8m-88283/" target="_blank" rel="noopener">acquired</a> remaining 49 per cent stake in modular kitchens and wardrobes maker Sleek International Pvt. Ltd for Rs 50 crore ($7.8 million) in cash.
Asian Paints was started in 1942. The company operates 25 paint manufacturing factories in 16 countries. In 2016-17, the company had a consolidated income of Rs 17,347.3 crore and net profit was Rs 2016.2 crore.
Its other recent acquisition include Sri Lanka’s Causeway Paints Lanka (Pvt) Ltd.
Asian Paints&#8217; scrip last traded at Rs 1118.50 each, down 0.85 per cent on BSE in a weak Mumbai market on Tuesday.
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-asian-paints-acquires-remaining-49-stake-sleek-international-7-8m-88283/" target="_blank" rel="noopener">India: Asian Paints acquires remaining 49% stake in Sleek International for $7.8m</a>

Asian Paints Ltd has acquired Reno Chemicals Pharmaceuticals and Cosmetics Pvt Ltd for Rs 159.52 crore ($24.7 million) in cash.

India: Asian Paints buys Reno Chemicals for $24.7m

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India: Asian Paints buys Reno Chemicals for $24.7m

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