Jenson & Nicholson (Asia) Limited has disclosed the disposal of 16,87,88,138 equity shares of Berger Paints India Limited. This disposal is part of an amalgamation scheme involving U.K. Paints (Overseas) Limited, B.J.N. Holdings (I) Limited, and U K Paints (India) Private Limited. The scheme has been sanctioned by the Jersey Financial Services Commission and the National Company Law Tribunal.
Disposal of Berger Paints Shares
Jenson & Nicholson (Asia) Limited has announced the disposal of its registered ownership of equity shares in Berger Paints India Limited. The total number of shares disposed of amounts to 16,87,88,138.
Details of the Amalgamation Scheme
This disposal of shares is a direct result of an amalgamation scheme involving several entities:
- U.K. Paints (Overseas) Limited (Transferor Company-1)
- B.J.N. Holdings (I) Limited (Transferor Company-2)
- U K Paints (India) Private Limited (Transferee Company)
The scheme has received the necessary approvals from regulatory bodies, including the Jersey Financial Services Commission via a letter dated October 24, 2024, and the National Company Law Tribunal, Bench-II at Chandigarh, through an order dated May 23, 2025.
Impact on Shareholding
Prior to this disposal, Jenson & Nicholson (Asia) Limited held 14.48% of the voting rights in Berger Paints India Limited. Following the disposal, the shareholding has been reduced to zero as the shares were disposed of as part of the aforementioned amalgamation.
Share Capital Details
The total equity share capital of Berger Paints India Limited both before and after the disposal remains at Rs. 116,58,94,779, divided into 116,58,94,779 equity shares with a face value of Re. 1/- each.
Source: BSE
