2025-03-21 12:29:13 pm | Source: PR Agency
Sirca Paints India Limited (“SPIL”) has acquired the business undertaking of "Wembley Group" for Rs 81.50 Crs
Commenting on the acquisition, Mr. Sanjay Agarwal, Managing Director of Sirca Paints India Ltd., stated, The acquisition enables the SPIL to increase its footprint in its line of business along with it will integrate Wembley’s full range of products, including thinners, wall paints, enamels, NC (nitrocellulose), melamine, Sanding Sealer, T.T. Clear and other coatings, into its portfolio. This strategic move is expected to boost SPIL turnover and further strengthen its market position in India’s growing paint and coatings sector with commensurating EBIDTA margins.
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Daily Technical Report 07 July 2025 by Axis Securiti...
No country should weaponise critical minerals, techn...
Sell Kapas Apr @ 1600 SL 1615 TGT 1585-1575. NCDEX -...
Public support key to fighting forced religious conv...
Mahindra Lifespace Developers gains on launching new...
425 under surveillance as Kerala battles fresh Nipah...
Nifty closed the week at 25461 down 0.69%. Broader m...
Sell Zinc Jul @ 257 SL 259 TGT 255-253. MCX - Kedia ...
Manipur sees further improvement in Covid situation
Indian stock market opens marginally lower amid mixe...
