Indigo Paints Board Approves Exploring Additional Equity Acquisition in ACIPL
Indigo Paints Limited has approved the exploration of acquiring an additional equity stake in Apple Chemie India Private Limited (ACIPL), a subsidiary of the company. This decision was made by the Board of Directors during a meeting held on August 13, 2026.The approval comes in continuation of Indigo Paints' existing investment in ACIPL. The company previously holds a 51% stake in the equity shares of Apple Chemie India Private Limited.
The Board has now sanctioned the exploration of purchasing an additional 11% of the equity shares in ACIPL from current shareholders. This potential acquisition is subject to the execution of definitive agreements and compliance with all applicable laws.
The meeting for the Indigo Paints Limited Board of Directors commenced at 1.50 p.m. (IST) and concluded at 4.20 p.m. (IST).
INDIGOPNTS Stock Price Movement
Indigo Paints Limited shares slipped today by 0.10% to settle at ₹1130.4, closing lower from yesterday's market action. The stock recorded a volume of 42,425 shares during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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