Gurugram : The equity shares of Kamdhenu Ventures Limited (Kamdhenu Paints) made its debut on the bourses on Tuesday by getting listed on both National Stock Exchange (NSE) & Bombay Stock Exchange (BSE). Kamdhenu Ventures Limited is the demerged paints business arm of Kamdhenu Limited. Under the scheme of demerger, the parent company, Kamdhenu Limited issued one equity share of Kamdhenu Ventures Limited against every existing share held of Kamdhenu Limited. The new business structure affirms the Group’s focused approach towards the paints business. The demerger will lead to operational flexibility and facilitate businesses to independently pursue their growth plans through organic & inorganic routes.
Kamdhenu Paints will continue to focus on the decorative paint industry, expanding its footprints in the emerging cities of India. The company aims to expand into smaller towns by identifying underserved markets by introducing innovative paint products. Kamdhenu Paints has a wide range of decorative paint products that includes exterior & interior emulsions, acrylic distempers, water based & solvent primers, synthetic & GP enamel, wood finishes, aluminium paints, textured to designer finishes, strainers, P.U. Wood Finishes and Metallic Finishes. Commenting on the occasion, Mr. Satish Kumar Agarwal, Chairman, Kamdhenu Group, said: “The listing of Kamdhenu Ventures Limited (Kamdhenu Paints) marks the beginning of a new chapter in the company’s history. The demerger activity will help streamline business initiatives of the group and create shareholder value.