Sirca Paints India Limited — JV/Acquisition, 21-03-2025: Acquisition

Sirca Paints India Limited (SPIL) has acquired the business undertaking of the Wembley Group, including its products, technical know-how, and intellectual property rights, for a purchase consideration of ₹81.5 crores. This strategic acquisition bolsters SPIL's portfolio by integrating Wembley’s range of offerings such as thinners, wall paints, and enamels, enhancing its market presence in India's paint and coatings sector. The transaction is aimed at boosting SPIL's turnover and strengthening its EBITDA margins, ultimately benefiting shareholders through improved operational efficiencies.