Other Private Equity/Strategic Investments

Decorative paints player Kamadhenu to raise Rs.200-Cr

Business Line  

Gurugram-based Kamadhenu Ltd is in talks to raise INR 200 crore in its about to be demerged paints business. The fund infusion is likely by March-end. The raised capital will go towards capex, shoring-up dealer network and setting up tinting machines The company's paint business caters to the decorative segment. Apart from ramping up existing capacity at Rajasthan that caters to Uttar Pradesh, Rajasthan, Bihar, Odisha, Gujarat and West Bengal, the company would put up a new plant catering to southern and central Indian markets, such as Karnataka, Andhra Pradesh, Chattisgarh, Maharastra, Tamil Nadu and Telangana.

Want to receive such news items in your inbox? Click Here to sign up for a trial.

2021 © TSJ Media Pvt Ltd. All rights reserved.