Asian Paints Limited — Updates, 14-02-2025: Press Release

Asian Paints International Private Limited (APIPL), a wholly-owned subsidiary of Asian Paints, is divesting its entire stake in the Indonesian operations, comprising PT Asian Paints Indonesia and PT Asian Paints Color Indonesia, to Berger Paints Singapore for SGD 7.5 million (~Rs. 48 crores). This decision aligns with the strategic review of its international portfolio, as the Indonesian operations have been deemed immaterial, contributing only 0.24% to consolidated turnover and 0.86% to consolidated net worth. The divestment is projected to result in a loss of approximately Rs. 90 crores in the consolidated financials, subject to adjustments at closing. This move will allow Asian Paints to concentrate on priority markets in the Middle East and South Asia, presenting a positive outlook for its international growth strategy.