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
BERGEPAINT · price
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On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 0.8 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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U K Paints (India) Private Limited, a member of the Berger Paints promoter group, has acquired beneficial ownership of 16,87,88,138 equity shares (14.48% of equity capital) of Berger Paints India Limited pursuant to a scheme of amalgamation. The shares were earlier held by B.J.N. Holdings (I) Limited, a Jersey-based promoter group entity. The amalgamation was sanctioned by NCLT Chandigarh on 23 May 2025 and became effective on 14 July 2025. As a result, U K Paints (India) Pvt Ltd's beneficial holding rose from 50.09% to 64.57%, while B.J.N. Holdings (I) Limited's holding dropped from 14.48% to nil. Importantly, the aggregate promoter group shareholding remains unchanged before and after this transaction, as this is purely an internal reshuffle within the promoter family.
No impact on minority shareholders or stock price - this is a paper restructuring within the promoter group. The total promoter ownership of Berger Paints stays the same, and no open offer is triggered since the exemption under Regulation 10(1)(d)(ii) applies.