Kansai Nerolac to sell 60% of Kansai Paints Lanka (Private) Ltd to Atire (Private) Limited

• Kansai Nerolac approved selling a 60% stake in its Sri Lankan subsidiary, Kansai Paints Lanka (Private) Ltd.
• The stake will be sold to Atire (Private) Limited, a Sri Lankan entity, after which Kansai Paints Lanka will no longer be a subsidiary.
• Kansai Nerolac reported Q2 consolidated net sales of ₹1954.18 crore and a 9.9% YoY increase in net profit to ₹134.93 crore.

Why It Matters: Kansai Nerolac's subsidiary sale affects its business structure and investor outlook.