Thiruvananthapuram, Dec 13(UNI)Paint Major, Asian Paints said that

it has acquired 100 percent stake in Reno Chemicals Pharmaceuticals

and Cosmetics (Reno), having its Registered Office at Santacruz

East, Near Asian Paints, Mumbai.

The company has acquired 4,950 equity shares of the face value of

Rs 100 for an amount of Rs 159.52 crore.

This step has been taken by the company with an objective of using

the land and building of Reno to meet its growing infrastructure

requirements.

UNI JS SM1416