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
Infrastructure Urban

DDA Approves Rs 87.2 Billion Budget for 2025-26

The Delhi Development Authority (DDA) has approved a budget of Rs 87.2 billion for the financial year 2025-26, with a strong emphasis on civic infrastructure development, green space rejuvenation, housing, and sports facilities, according to an official statement. Chaired by Lieutenant Governor V.K. Saxena, the budget meeting highlighted several large-scale projects, including the revitalisation of the Yamuna floodplain, creation of expansive parks, and upgraded civic amenities. Out of the total outlay, Rs 41.4 billion has been earmarked for capital expenditure, covering new roads, infrastruc..

Next Story
Infrastructure Energy

Vi Taps Cisco to Power Next-Gen Network

Telecom operator Vodafone Idea (Vi) has joined hands with US-based tech major Cisco Systems to revamp its transport network infrastructure across India. The strategic partnership aims to enhance network performance, scalability, and user experience for both retail and enterprise customers. As part of the agreement, Vi will deploy Cisco’s advanced Multiprotocol Label Switching (MPLS) technology to create a high-capacity, software-driven transport network. This will significantly improve the telecom player’s ability to manage surging data traffic and support data-heavy digital services such..

Next Story
Building Material

GPT Infra Commissions New Steel Girder Plant Near Kolkata

GPT Infraprojects announced the successful commissioning of its steel girder and components manufacturing facility in West Bengal on April 24, 2025. Located in Village Majinan, Hooghly district—about 60 km from Kolkata—the plant begins operations with an initial capacity of 10,000 metric tonnes per annum (MTPA). The company stated that the facility is in the process of securing RDSO (Research Designs and Standards Organisation) approval for manufacturing steel bridge girders. Once approved, this unit is expected to become a key asset for the company’s steel bridge segment, catering to c..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?