Asian Paints sells its Indonesian operations for Rs 44 crore, incurring a loss of Rs 90 crore. Asian Paints vende sus operaciones indonesias por Rs 44 crore, con una pérdida de Rs 90 crore.

Asian Paints has sold its Indonesian operations to a subsidiary of Omega Property Investments for about Rs 44 crore, after nine years of unsuccessful market expansion. Asian Paints ha vendido sus operaciones indonesias a una filial de Omega Property Investments por alrededor de 44 crores de rupias, después de nueve años de expansión del mercado sin éxito. The divestment will result in a financial loss of approximately Rs 90 crore for the company. La desinversión dará lugar a una pérdida financiera de aproximadamente Rs 90 crore para la empresa. Asian Paints International Pvt Ltd completed the deal, recognizing the operations as sub-scale and not significant to their international strategy. Asian Paints International Pvt Ltd completó el acuerdo, reconociendo las operaciones como subescala y no significativa para su estrategia internacional.