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Asian Paints gains stronger footing in lighting and home solutions market
New Delhi: Asian Paints’ recent investments in a lights organization and an interior decoration and furnishing company alerts a change toward structured brand names in India’s household furnishings and decor marketplace. On Friday—the paint firm introduced the acquisition of a 49{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} equity stake for ₹180 crore in White Teak. White Teak designs and sells attractive lighting merchandise and fans. It also declared an investment decision of Rs19 crore in Weatherseal Fenestration Non-public Confined for a 51{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} stake in the enterprise that manufactures uPVC home windows and door methods. The go will give Asian Paints some participate in in the largely unorganized lighting and home furnishing current market. The shift comes…