Mauritius-based FIIs Al Maha Investment Fund and Unico Global Opportunities Fund Limited have acquired stakes in Kamdhenu Ventures at an average price of ₹51 per share.

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Meanwhile, Kamdhenu Paints, a wholly-owned subsidiary of Kamdhenu Ventures, has informed exchanges that it is set to expand its premium product line with the introduction of a new wood coatings range. 

The company said that the launch is scheduled for October 2024.

"With these initiatives, Kamdhenu Paints is poised to become a major player in the Wood Coatings industry, contributing to a more sustainable and innovative future. We look forward to the continued support of our investors and stakeholders as we embark on this exciting new phase of growth," said Kamdhenu Ventures in a regulatory filing.

Key Highlights

New Wood Coatings Range: Kamdhenu Paints will introduce a range of wood coatings that meet the highest global quality standards, reinforcing our commitment to excellence and innovation.

Increased Production Capacity Utilization: In response to growing market demand, Kamdhenu Paints has ramped up production capacity utilization from
36,000 kilolitres per year to an impressive 49,000 kilolitres per year, ensuring that we meet the rising need for our Premium products.

Expansion of Tinting Machines Network: Kamdhenu Paints is also aggressively expanding the installation of tinting machines across its dealer network, enhancing accessibility and service efficiency for our customers.