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Kansai Nerolac eyes expansion in Bangladesh

Kansai Nerolac eyes expansion in Bangladesh
The Japanese paint maker will inject Tk 16cr into its subsidiary
The local market for paint is not enormous but the future is good as consumption is increasing with economic development. Star/file
Japanese company Kansai Nerolac will invest Tk 16 crore in its country subsidiary, Kansai Nerolac Paints Bangladesh (formerly known as RAK Paints), to expand its business and grab a bigger piece of the growing South Asian market.
Having entered the Bangladesh market in mid-2018, the East Asian paint maker on Friday announced to have subscribed to 1.65 crore equity shares of the subsidiary. ....

Kansai Nerolac , Vishaln Mothreja , Bangladesh Paint Manufacturer Association , Kansai Nerolac Paints Bangladesh , South Asian , East Asian , Daily Star , Bangladesh Paint Manufacturer , Asian Paints , Roxy Paints , Elite Paint , Pailac Paints , Moonstar Paints , Ujala Paints , Al Karim Paints , Nippon Paint , Jotun Paints , கன்சாய் நேரோளக் , பங்களாதேஷ் பெயிண்ட் உற்பத்தியாளர் சங்கம் , கன்சாய் நேரோளக் வண்ணப்பூச்சுகள் பங்களாதேஷ் , தெற்கு ஆசிய , கிழக்கு ஆசிய , தினசரி நட்சத்திரம் , பங்களாதேஷ் பெயிண்ட் உற்பத்தியாளர் , ஆசிய வண்ணப்பூச்சுகள் , ராக்ஸி வண்ணப்பூச்சுகள் ,

Kansai Nerolac Paints Limited makes further investment in Bangladesh arm

Kansai Nerolac Paints Limited makes further investment in Bangladesh arm
Posted On:
2021-01-01 00:47:01
(Time Zone: Arizona, USA)
Kansai Nerolac Paints Limited, has a subsidiary in Bangladesh by the name, Kansai Nerolac Paints (Bangladesh) Limited (formerly known as RAK Paints Limited), wherein the company holds 55% of paid-up share capital.
The Bangladesh subsidiary, Kansai Nerolac Paints (Bangladesh) Limited, has announced that in a further issue of shares by the subsidiary, the company has been allotted 1,65,00,000 equity shares of the face value of BDT 10 per share. The equity contribution of the company in the further issue of shares by the Bangladesh subsidiary is BDT 165 million (~INR 14.33 crores). The percentage shareholding by the Company in the said subsidiary remains the same. ....

United States , Kansai Nerolac Paints Bangladesh , Kansai Nerolac Paints , Nerolac Paints Limited , Time Zone , ஒன்றுபட்டது மாநிலங்களில் , கன்சாய் நேரோளக் வண்ணப்பூச்சுகள் பங்களாதேஷ் , கன்சாய் நேரோளக் வண்ணப்பூச்சுகள் , நேரோளக் வண்ணப்பூச்சுகள் வரையறுக்கப்பட்டவை , நேரம் ஸோந் ,