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17 December 2017

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Asian Paints Ltd (Paints / Varnishes)

Last Price 1,118.70
Net Changes -4.75
Volume 897594
Prev Close 1,123.45
1,118.70 -4.75 (-0.42%)
Date: Dec 15,2017 EOD




Index Details Paints / Varnishes


Chart

Stock Price Details

Market Statistics

Open Price 1129 Div Yield (%) 0.92
Buy (Size) 0.00(×0) Eps(Rs) 18.15
Sell (Size) 0.00(×0) Book Value(Rs) 72.5681382
Buy Quantity 0 Market Cap(Rs.Cr) 107425.36
Sell Quantity 0 Face Value(Rs) 1
Today's High 1134.1 Market Lot 1
Today's Low 1115.15 AGM Date Jun
52-Week High 1261.25 Book Closure Date Jun
52-Week Low 850.1 ISIN No. INE021A01026

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 0 0.00
Indian (Promoter & Group) 506384482 52.79
Total of Promoter 506384482 52.79
Non Promoter (Institution) 251170203 26.19
Non Promoter (Non-Institution) 201643105 21.02
Total Non Promoter 452813308 47.21
Total Promoter & Non Promoter 959197790 100.00
Custodians(Against Depository Receipts) 0 0.00
Grand Total 959197790 100.00

Company News

13-Dec-2017  Other announcement of Asian Paints Ltd.
Other announcement of Asian Paints Ltd.

This is to inform you that the Mumbai Bench of the National Company Law Tribunal has vide its Order dated 29th November, 2017 granted its approval for the Scheme of Amalgamation of Asian Paints (International) Limited, Mauritius, wholly owned subsidiary company of Asian Paints Limited ('Company') with the Company.
13-Dec-2017  Asian Paints Limited - Scheme of Arrangement
Asian Paints Limited - Scheme of Arrangement

Asian Paints Limited has informed the Exchange that This is to inform you that the Mumbai Bench of the National Company Law Tribunal vide its Order dated 29th November, 2017 approved the Scheme of Amalgamation of Asian Paints (International) Limited, Mauritius, wholly owned subsidiary company of Asian Paints Limited ('the Company') with the Company.
13-Dec-2017  Asian Paints Limited - Acquisition
Asian Paints Limited - Acquisition

Asian Paints Limited has informed the Exchange regarding In compliance with Regulation 30 of the Securities and Exchange Board of India (?SEBI?) (Listing Obligations and Disclosure Requirements) Regulations 2015 (?LODR Regulations?).
12-Dec-2017  Other announcement of Asian Paints Ltd.
Other announcement of Asian Paints Ltd.

In compliance with Regulation 30 of the Securities and Exchange Board of India ('SEBI') (Listing Obligations and Disclosure Requirements) Regulations 2015 ('LODR Regulations'), this is to inform that the Company has acquired 100% stake in Reno Chemicals Pharmaceuticals And Cosmetics Private Limited (Reno), having its Registered Office at 6B, Shanti Nagar, Vakola, Santacruz East, Near Asian Paints, Mumbai - 400 055, CIN: U24110MH1972PTC015839, consisting of 4950 equity shares of the face value of Rs.100/- (Rupees one hundred only) for an amount of Rs. 159.52 crores. The aforesaid transaction is with an objective of using the land and building of Reno to meet the Company's growing infrastructure requirements.
12-Dec-2017  Asian Paints Limited - Acquisition
Asian Paints Limited - Acquisition

Asian Paints Limited has informed the Exchange vide letter dated December 11, 2017 that 'This is with reference to the Press Release dated 8th August, 2013 issued by the Company, wherein it was informed that the Company had acquired 51% stake in the kitchen solution provider company, Sleek International Private Limited (Sleek), from the Ahuja family (Rajesh Ahuja, Monesh Ahuja, Thakur Ahuja and Jyoti Ahuja) by entering into a Shareholders Agreement with the Ahuja family and Sleek. It is informed that the Company, today, has purchased the balance stake (49% of the share capital) in Sleek from the Ahuja Family and the Shareholders Agreement dated August 08, 2013 with the Ahuja Family has been terminated. Sleek has now become a wholly owned subsidiary of the Company.'
11-Dec-2017  Other announcement of Asian Paints Ltd.
Other announcement of Asian Paints Ltd.

This is with reference to the Press Release dated 8th August, 2013 issued by the Company, wherein it was informed that the Company had acquired 51% stake in the kitchen solution provider company, Sleek International Private Limited (Sleek), from the Ahuja family (Rajesh Ahuja, Monesh Ahuja, Thakur Ahuja and Jyoti Ahuja) by entering into a Shareholders Agreement with the Ahuja family and Sleek. It is informed that the Company, today, has purchased the balance stake (49% of the share capital) in Sleek from the Ahuja Family and the Shareholders Agreement dated 8th August, 2013 with the Ahuja Family has been terminated. Sleek has now become a wholly owned subsidiary of the Company. Enclosed as Appendix A is the information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
08-Dec-2017  Asian Paints Limited - Updates
Asian Paints Limited - Updates

Asian Paints Limited has informed the Exchange regarding 'Intimation pursuant to Regulation 30 of the SEBI ( Listing Obligations and Disclosure Requirements) Regulations, 2015 for participation in investor Meetings/Calls.'.
20-Nov-2017  RingsideView: Asian Paints
RingsideView: Asian Paints

Demand to improve in H2

The decorative paint business registered a high single-digit volume growth in Q2

Asian Paints held a conference call to discuss the results for the quarter ended September 2017 and the way forward. Managing Director and CEO K B S Anand addressed the call. Highlights:

The decorative paint business of Asian Paints registered a high single- digit volume growth in the September 2017 quarter (Q2) over a year ago. The recovery in the June 2017 quarter from the effects of demonetization was affected due to destocking ahead of the rollout of the goods and services tax (GST) from July. The impact of GST continued through July and a mild bounce-back was seen only in September. The early onset of the festive season aided demand revival.

Material prices in the quarter were stable compared with the June 2017 quarter, helped to an extent by the strong currency. No price revision was taken in Q2. A price increase (2.68%) was taken in May following the price hike (3%) effected
in March 2017.

Production of phthalic anhydride has been discontinued at the Ankleshwar plant in Gujarat since August 2017. There are plans to augment the manufacturing capacity for paints, synthetic resins and emulsions at the location

Both the segments in the home-improvement business. The kitchen business Sleek and the bath business Ess Ess performed better compared with Q1. The automotive coatings joint venture (JV), PPG-AP, witnessed subdued demand from auto original equipment manufacturers (OEMs) and the general industrial business segment. Even the auto refinish business continued to witness challenging conditions.

The performance of industrial coatings JV, AP-PPG, was satisfactory. Units in Nepal, Bangladesh, Oman and Bahrain witnessed good top-line growth. However, currency devaluation in Egypt and foreign exchange unavailability in Ethiopia affected the performance of international operations. The first paint plant at Indonesia commenced operations the September 2017. The initial capacity is 5,000 tonnes a year in a single shift. The stake in the Caribbean region was divested on 24 July 2017.

Market share was not lost to competitors in the states where there is presence. The retail channel is now completely GST-compliant. Transactions with retailers who do not have a GST number have been stopped. The tax rate is expected at 33% in the current fiscal.

Standalone capex is about Rs 1200 crore in the current fiscal year ending March 2018 (FY 2018). The program includes Rs 1000-crore spend on two new paint manufacturing facilities, one each in Mysuru and Vizag in south India. The first phase of both the plants will be commissioned in FY 2019.

Recovery is expected in the latter half of Q2. Coupled with a good monsoon and settling down of the trade channel from the initial hiccups of the GST rollout are expected to boost demand in H2 of FY 2018.

13-Nov-2017  Asian Paints Limited - Analysts/Institutional Investor Meet/Co...
Asian Paints Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Asian Paints Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates
09-Nov-2017  Asian Paints Limited - Updates
Asian Paints Limited - Updates

Asian Paints Limited has informed the Exchange regarding 'a copy of newspaper advertisement published in the Mumbai Edition of Navshakti today relating to Notice of hearing of Petition on Wednesday, 29th November, 2017 for seeking the approval of the Hon?ble National Company Law Tribunal, Mumbai Bench (?NCLT?) to the Scheme of Amalgamation between Asian Paints (International) Limited (?Transferor Company?) and Asian Paints Limited (?Petitioner Company? or ?Transferee Company?).'.
Incorporation Year 1945 
Registered Office 6A Shantinagar,Santacruz (East),
,
Maharashtra-400055
Telephone 91-22-62181000 
Fax 91-22-62181111 
Chairman Ashwin Choksi
Managing Director K B S Anand
Company Secretary Jayesh Merchant 
Auditor B S R & Co LLP/Deloitte Haskins & Sells LLP 
Face Value(Rs)
Market Lot
Listing BSE,NSE 
Registrar TSR Darashaw Ltd
6-10 Haji Moosa,Patrawala Ind.Estate,DrEMoses Rd Mahalaxm,Mumbai - 400 011 
Toll Free number: 1800-425-5501 / 1800-103-5501
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