Asian Paints Limited — Important, 14-02-2025: Diversification/Disinvestment

Asian Paints International Pvt Ltd, a wholly owned subsidiary, has entered into a share purchase agreement to sell its entire stake in PT Asian Paints Indonesia and PT Asian Paints Color Indonesia for SGD 7.5 million (approximately ₹48 crores). The divestment is expected to result in a loss of around ₹90 crores in the consolidated financials, subject to final adjustments. This strategic move aims to refocus efforts on more significant markets like the Middle East and South Asia, signaling a shift in priorities. Investors might view this as a positive outlook, reinforcing the company's commitment to optimizing its portfolio.