Asian Paints (APL) is merging its wholly-owned subsidiary, Asian Paints (Polymers) (AP Polymers), into itself.

This strategic amalgamation aims to unlock synergies in functions like procurement & supply chain, optimizing resource use.

It will streamline operations, cut administrative costs, and align the business structure, given AP Polymers' original purpose for captive consumption of VAM & VAE.

With AP Polymers having a net worth of Rs 804.27 Cr, this move will not change APL's shareholding pattern as no new shares are issued.

The focus is on greater operational efficiency.