Goodlass Nerolac is the largest player in the booming industrial paints segment, and with close to 45 percent market share, it dominates that category of paints, which includes automobile paints. In the decorative paints segment, which is a bigger category, it is behind Asian Paints.
Kansai Targets Another 15 Percent of Goodlass Nerolac
June 1, 2005
NEW DELHI, India - Major Japanese paint manufacturer, Kansai, has initiated the process to hike its equity stake in the second-largest Indian paint company, Goodlass Nerolac, by 15 percent. Kansai already holds 64.5 percent in Goodlass Nerolac.