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In 2002, Asian Paints acquired a 60% stake in Egyptian paint manufacturer SCIB Chemicals for ₹ 24.5 crore (US$5.04 million). [14] It also acquired a 50.1% stake in the SGX -listed Berger International Singapore, which had operations in 11 countries across Southeast Asia , West Asia , the Caribbean , China and Malta , for US$20.8 million. [ 15 ]
P. M. Murty is an Indian business executive. He was the former Managing Director and Chief Executive Officer of Asian Paints, the largest Indian paint company. [1] [2] Murty, who joined Asian Paints in 1971, [3] had retired in 2008 as the head of decorative business of the organization.
2021: Grasim entered the paints business. [39] [40] ABFRL announced strategic partnerships with designer brands Tarun Tahiliani and Sabyasachi. [41] 2022: The group's revenue reached $60 billion. [42] The group also launched TMRW, a D2C retail platform, [43] [44] and Grasim's B2B e-commerce venture in the building materials segment. [45]
From January 2008 to December 2012, if you bought shares in companies when Walter Scott Jr. joined the board, and sold them when he left, you would have a -5.6 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
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In 2002, Confidence Group established a partnership with Asian Paints to form Asian Paints Bangladesh Limited (APBL). [9] [10] Confidence Group signed an agreement with Bangladesh Power Development Board in 2011 to build an oil based powerplant in Chittagong in partnership with Rurelec PLC Limited and Energypac Power Generation Limited. [11]
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Ashwin Suryakant Dani (1943/1944 – 28 September 2023) [1] was an Indian billionaire, businessman, and the non-executive chairman of Asian Paints Ltd, India's largest paint company. He was the vice chairman and managing director from December 1998 to March 2009. Ashwin was among the top 50 richest Indians. [2]
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