Kansai Nerolac Paints invests further Rs 1390 cr in Bangladesh subsidiary

10 Dec 2022 , 12:04 PM

Kansai Nerolac Paints announced that its subsidiary Kansai Nerolac Paints Bangladesh has allotted 16500000 equity shares of the face value of BDT 10 per share to the company The equity contribution of the company in the further issue of shares by the Bangladesh subsidiary is BDT 1650 crore Rs 1390 crore The percentage shareholding of the company in the said subsidiary remains the same ie 55Percentage of the paid-up share capital