Berger Paints to acquire STP Limited

Kolkata-based paints manufacturer Berger Paints is all set to acquire 95.53% stake in STP Limited for an enterprise value of Rs 167.5 crore. Berger Paints' acquisition of STP Limited will supplement the paint major's existing businesses and the two can combine their respective strengths and collaborate in the areas of manufacturing, selling, distribution, procurement and technology.

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