Asian Paints' subsidiary to set up plant in Indonesia

Written By Unknown on Jumat, 22 Agustus 2014 | 21.03

Berger International Ltd (BIL), Singapore is a subsidiary of Asian Paints (International) Ltd (APIL), Mauritius. APIL is a wholly owned subsidiary of the company.

Asian Paints  today said its step down subsidiary Berger International Ltd (BIL), Singapore, has filed an application for investment approval with the regulatory authorities for setting up a paint manufacturing facility in Indonesia.

Berger International Ltd (BIL), Singapore is a subsidiary of Asian Paints (International) Ltd (APIL), Mauritius. APIL is a wholly owned subsidiary of the company.

"..on August 22, 2014 (BIL) filed an application for investment approval with the regulatory authorities at Jakarta, Indonesia for setting up a paint manufacturing facility as part of a greenfield foray into Indonesia," Asian Paints said in a BSE filing.

This greenfield venture is subject to necessary statutory and other approvals, the company added.

Asian Paints stock price

On August 22, 2014, Asian Paints closed at Rs 610.35, down Rs 2.9, or 0.47 percent. The 52-week high of the share was Rs 650.10 and the 52-week low was Rs 376.35.


The company's trailing 12-month (TTM) EPS was at Rs 12.45 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 49.02. The latest book value of the company is Rs 37.54 per share. At current value, the price-to-book value of the company is 16.26.


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