Asian Paints divests Indonesian operations, Sattva Holding increases pledge

Asian Paints announced the completion of its divestment of Indonesian operations, PT Asian Paints Indonesia (PTAPI) and PT Asian Paints Color Indonesia (PTAPCI), to Berger Paints Singapore Pte Limited for SGD 6.8 million (approximately Rs. 44 crores), effective March 20, 2025. This completes a plan initially announced on February 14, 2025. These Indonesian entities, wholly-owned subsidiaries of Asian Paints International Private Limited (APIPL), are no longer under Asian Paint’s control.