+
Asian Paints Exits Indonesian Operations for SGD 6.8 Million
Paint

Asian Paints Exits Indonesian Operations for SGD 6.8 Million

Asian Paints Ltd has completed the divestment of its Indonesian operations, selling its entire stake in PT Asian Paints Indonesia (PTAPI) and PT Asian Paints Color Indonesia (PTAPCI) to a Singapore-based subsidiary of Omega Property Investments Pty Ltd, Australia, for SGD 6.8 million. 

The company’s wholly-owned Singapore subsidiary, Asian Paints International Pvt Ltd (APIPL), had announced the sale agreement last month, citing sub-scale operations despite strategic efforts over the past nine years. The divestment is part of APIPL’s broader business review, focusing on scaling profitable international ventures. 

With the transaction completed on March 20, 2025, PTAPI and PTAPCI are no longer subsidiaries of APIPL. 

Asian Paints expects to record an approximate Rs 900 million loss from the sale in its consolidated financials, subject to final adjustments. 

(Business Standard)         

Asian Paints Ltd has completed the divestment of its Indonesian operations, selling its entire stake in PT Asian Paints Indonesia (PTAPI) and PT Asian Paints Color Indonesia (PTAPCI) to a Singapore-based subsidiary of Omega Property Investments Pty Ltd, Australia, for SGD 6.8 million. The company’s wholly-owned Singapore subsidiary, Asian Paints International Pvt Ltd (APIPL), had announced the sale agreement last month, citing sub-scale operations despite strategic efforts over the past nine years. The divestment is part of APIPL’s broader business review, focusing on scaling profitable international ventures. With the transaction completed on March 20, 2025, PTAPI and PTAPCI are no longer subsidiaries of APIPL. Asian Paints expects to record an approximate Rs 900 million loss from the sale in its consolidated financials, subject to final adjustments. (Business Standard)         

Next Story
Resources

CASE Launches ‘Shilpi’ to Train Youth in Equipment Servicing

CASE Construction Equipment, a CNH brand, has launched Project Shilpi, a CSR initiative to train youth in backhoe loader maintenance and servicing. The programme targets ITI and diploma holders from economically weaker sections, aiming to address the skill gap in the construction equipment servicing sector.  “At CASE, we believe in enabling communities through skills that transform lives... Through this initiative, we aim to strengthen India’s technical workforce while empowering individuals to achieve socio-economic independence,” said Kavita Sah, India CSR Head, CNH. &nb..

Next Story
Resources

Himadri Named CDP Supplier Engagement Leader with ‘A’ Rating

Himadri Speciality Chemical has been recognised as a 2024 CDP Supplier Engagement Leader, earning an ‘A’ rating for its performance in supply chain climate action. This places Himadri among the top-rated global companies in the CDP’s Supplier Engagement Assessment. The company scored high in key categories including supplier engagement, Scope 3 emissions verification, risk management, and governance, demonstrating strong alignment with global climate disclosure frameworks. “Being recognised as a CDP Supplier Engagement Leader is a proud moment for all of us... Our commitment ..

Next Story
Resources

Trimble, IIT Madras Join Hands to Donate 20 Custom Wheelchairs

Trimble has partnered with the National Centre for Assistive Health Technologies (NCAHT) at IIT Madras to support inclusive mobility through the donation of 20 custom-fitted wheelchairs. Backed by an initial ₹15 lakh contribution, the lightweight (9 kg) wheelchairs are tailored to individual needs and rival high-end imports in quality. Recipients will be selected through a structured process including assessments, prescription, and training to ensure long-term usability. “At Trimble, we believe accessibility is fundamental... Through this partnership with IIT Madras, we hope to s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?