Asian Paints Limited — JV/Acquisition, 29-07-2025: Amalgamation/Merger

Asian Paints (APL) is merging its wholly-owned subsidiary, Asian Paints (Polymers) (AP Polymers), into itself. This strategic amalgamation aims to unlock synergies in functions like procurement & supply chain, optimizing resource use. It will streamline operations, cut administrative costs, and align the business structure, given AP Polymers' original purpose for captive consumption of VAM & VAE. With AP Polymers having a net worth of Rs 804.27 Cr, this move will not change APL's shareholding pattern as no new shares are issued. The focus is on greater operational efficiency.