The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for U K Paints (India) Pvt Ltd
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U K Paints (India) Private Limited, part of the promoter group of Berger Paints India, has acquired 16,87,88,138 equity shares (14.48% of the equity share capital) through a scheme of amalgamation approved by the Jersey Financial Services Commission and the NCL Tribunal. The shares were transferred from Jenson & Nicholson (Asia) Limited, a wholly owned subsidiary, so the acquisition was at Nil price with no cash transaction involved. As a result, U K Paints (India)'s direct holding in Berger Paints rose from 50.09% to 64.57%, but the aggregate promoter and promoter group shareholding remains unchanged. The effective date of the scheme is 14th July 2025, and the acquisition is exempt from open offer requirements under Regulation 10(1)(a)(ii).
This is an internal promoter group restructuring, not a fresh market purchase, so there is no impact on the stock price or no change in overall promoter control. Shareholders can be reassured that promoter group ownership remains the same and no open offer is triggered.