Shalimar Paints Approves Hella Infra Market Stake Swap; Eyes Future Unification of Entities
Shalimar Paints reported a decline in revenue from
operations to Rs 137.72 crore in Q1FY27, compared with Rs 154.56 crore in the
year-ago quarter.
Shalimar Paints has approved an investment in the equity
shares and compulsorily convertible preference shares (CCPS) of Hella Infra
Market Limited through a share-swap arrangement, with the swap ratio to be
determined based on valuation reports of both companies.
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August 16, 2026