MC - Digging Deeper - The Shalimar Paints Story

According to a recent report in the Economic Times, Shalimar Paints, which is older than the Republic of India, is exploring various fundraising opportunities including investment from third parties or strategic investor to improve its performance.

This move comes in the wake of financial difficulty post major fires at Shalimar's Nasik and Howrah plants and Surender Bhatia, Managing Director, Shalimar Paints is optimistic of turning things around despite the company posting a net loss for the sixth straight quarter.