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PT Asian Paints Indonesia, its indirect subsidiary, has commenced production with a capacity of 5,000 tpa on single shift basis. PT API was incorporated as a wholly-owned subsidiary of Berger International Private Limited, Singapore. The plant has a capacity of 24,550 tpa in Indonesia. None of the promoters/directors or key managerial persons have direct or indirect interest in the transaction, the company said. Investors will closely monitor the development.
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