Kansai Nerolac to sell 60% stake in Sri Lanka arm to Atire (Private) Limited

• Kansai Nerolac Paints approved the sale of its entire 60% stake in its Sri Lankan subsidiary.
• The subsidiary, Kansai Paints Lanka (Private) Ltd, will be sold to Atire (Private) Limited.
• Following the transaction, Kansai Paints Lanka will no longer be a subsidiary of Kansai Nerolac Paints.

Why It Matters: Kansai Nerolac's divestment signals a strategic shift in its international business.