Asian Paints shares slide 4% on rating downgrade post Birla Opus launch
The paint heavyweight has fallen 5.6% in two sessions after the launch of ‘Birla Opus’ by Aditya Birla Group flagship Grasim Industries last Thursday.
The paint heavyweight has fallen 5.6% in two sessions after the launch of ‘Birla Opus’ by Aditya Birla Group flagship Grasim Industries last Thursday.
The paint company targets ₹10,000 crore revenue in 3 years.
The capital raised through rights issues will be used to establish Grasim as India’s second largest decorative paints player.