Berger Paints India and Nippon Paint Automotive Coating (NPAU) have boosted their joint venture company – BNB Coatings India – by transferring two of their business divisions through a slump sale.
Berger Paints India agreed to sell its automotive paints business, which relates to four-wheeler passenger cars, SUVs, three-wheelers and ancillaries, while Nippon Paints India – NPAU’s parent company – said it would sell its four-wheeler passenger car body paint business to BNB.
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