Kansai Nerolac Paints has entered into a share purchase agreement (SPA) to acquire 100 per cent equity stake in Perma Construction Aids Pvt Ltd for a total consideration of ₹29.10 crore. This is subject to adjustments for borrowings, working capital and fixed assets as at the closing date (the day on which the transaction would be consummated). Perma Construction caters to the construction chemicals industry. The deal is likely to be completed by January 28, 2019.
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