Indigo Paints Limited is exploring the potential acquisition of an additional 11% equity stake in its subsidiary, Apple Chemie India Private Limited (ACIPL). This follows their earlier acquisition of a 51% stake. The decision was made during a board meeting on August 13, 2026, subject to definitive agreements and regulatory compliance. This move signals a potential deepening of Indigo Paints’ control and investment in ACIPL.
Indigo Paints Considers Increased Stake in Subsidiary
Indigo Paints Limited announced on August 13, 2026, that its Board of Directors has approved exploring the acquisition of an additional 11% equity stake in its subsidiary, Apple Chemie India Private Limited (ACIPL). This potential acquisition is intended to increase Indigo Paints’ ownership from its current holding, following the initial 51% stake acquired previously. The decision is contingent upon the successful negotiation and execution of definitive agreements and adherence to all applicable laws.
Board Meeting Outcome
The board meeting, which commenced at 1:50 p.m. IST and concluded at 4:20 p.m. IST on Thursday, August 13, 2026, also addressed this strategic exploration. Further details regarding this potential transaction will be disclosed upon the finalization of the agreements, in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will make this information available on its investor relations website.
Source: BSE
