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%.
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.