Mumbai, June 28 -- The acquisition of the remaining stake in White Teak would be a next step forward in the company's foray of being a complete home decor solution provider and in accordance with the definitive agreements entered into by the company with White Teak and the promoters of White Teak.

Post-acquisition of 40% of the equity share capital, White Teak has become a wholly owned subsidiary of the company.

The company had initially acquired 49% stake in April 2022 from the White Teak's promoters, Pawan Mehta and Gagan Mehta under share purchase agreement and other definitive agreements. In June 2023, it further increased shareholding by acquiring an 11% stake.

Asian Paints is India's leading paint company and ranked among the top...