Sheenlac Paints Ltd may acquire stake of Jenson & Nicholson (India) Limited (NSEI:JENSONICOL) in the joint venture. Sheenlac Paints, which entered into a 49:51 joint venture (JV) with Jenson and Nicholson India, may seek to buy out its partner stake once the JV company scales up its revenue to INR 3.5 billion in five years. Sridhar Krishnamoorthy, Chief Executive Officer of Sheenlac Paints said, on February 22, 2017. “The joint venture company has drawn up a five-year roadmap and aims to achieve INR 3.5 billion revenue by end of the five years. As per agreement, all the options are open, including the increase of our stake in the JV. We will sit and negotiate after five years.”