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
India well-positioned to capture significant share o...
India set to become second-largest renewables growth...
?Prime Minister Narendra Modi to inaugurate 9th edit...
World Bank raises India`s FY26 growth forecast, coun...
RBI may go for 1 more rates cut; GST reform and fest...
India`s automobile industry sees record 34 pc YoY fe...
Revised CGHS rate structure to boost healthcare infr...
Unlock full potential of Make in India and Startup I...
Haryana CM meets Japanese investors in Tokyo, seeks ...
Decisive tech, innovation-driven push powered India`...
