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Paint stocks surge up to 5% on sharp decline in crude oil prices

The decrease in crude oil prices led to a jump in the stock prices of Indigo Paints and Kansai Nerolac Paints, which rose 5% and 2% respectively. Berger Paints, Akzo Nobel India, and Asian Paints also rallied between 1-2%.

Nippon Paint to repurchase India businesses from Singapore s Wuthelam Group

Berger Paints India will continue to own 49 percent stake in the automotive coatings venture. As of now, Wuthelam Group owns 58.7 percent stake in Nippon Paint Holdings.

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