Berger Paints has completed acquisition of 100% of the paid up equity share capital of Saboo Coatings on June 5, 2017. As a result, Saboo Coatings is now a 100% subsidiary of Berger Paints India.

Total volume of shares traded on the bourses today was lower by 34.30% to 506,547 compared with 22-day average volume of 770,984.

Berger Paints India is the second largest paint company in India with a gross turnover of more that Rs 50 billion. It is present in all segments of paint including decorative, automotive, industrial, protective and powder coatings.

Shares of the company declined Rs 4.2, or 1.64%, to settle at Rs 251.55. The total volume of shares traded was 29,924 at the BSE (Tuesday).