Kansai Nerolac Paints Limited
ICICI Prudential Life Insurance reduced its stake in Kansai Nerolac Paints from 1.04% to 1.01%, selling 2,98,381 shares for approximately ₹5.35 Cr at ₹179.28 apiece.
A leading paint manufacturer in India, Kansai Nerolac produces decorative and industrial coatings for diverse applications across multiple sectors. The company specializes in industrial coatings, serving construction, automotive, infrastructure, and marine industries with tailored solutions. Operating since 1920, it maintains a strong national presence with manufacturing facilities and distribution networks, focusing on quality formulations and customer-specific coating requirements.
Joint venture between ICICI Bank and Prudential plc. Total AUM in excess of Rs 3.2 lakh crore deployed across linked, participating and non-participating funds. CIO Manish Kumar has run the equity book for over a decade, with style biased to quality large and mid-caps. Active across primary and secondary markets through ULIP and group fund mandates.