U K Paints (India) Private Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
BERGEPAINT · price
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U K Paints (India) Private Limited, part of the promoter group of Berger Paints, has acquired 16,87,88,138 equity shares (14.48% of equity capital) of Berger Paints India Limited from Jenson & Nicholson (Asia) Limited, a wholly owned subsidiary. The acquisition was done pursuant to a scheme of amalgamation that consolidates overseas promoter entities (U.K. Paints (Overseas) Limited and B.J.N. Holdings (I) Limited, both Jersey-based) into U K Paints (India) Private Limited. The scheme was approved by the Jersey Financial Services Commission on 24th October 2024 and by NCLT Chandigarh on 23rd May 2025, with an effective date of 14th July 2025 and acquisition completed on 29.12.2025 at Nil consideration. Post-acquisition, U K Paints (India) holding increased from 50.09% to 64.57%, while the aggregate promoter group shareholding remains unchanged as this is purely an internal restructuring.
This is a neutral, internal promoter group restructuring with no change in total promoter shareholding or any impact on minority shareholders. No open offer is triggered since the exemption under Regulation 10(1)(a)(ii) applies (intra-group transfer from wholly owned subsidiary). No material impact expected on the stock price.