U. K. Paints (India) Private Limited has increased its stake in Berger Paints India Limited to 64.57% through an off-market acquisition. This acquisition involves 16,87,88,138 equity shares. The transaction is part of a scheme of amalgamation involving U.K. Paints (Overseas) Limited and B.J.N. Holdings (I) Limited, entities incorporated under the laws of Jersey.
Increased Shareholding in Berger Paints
U. K. Paints (India) Private Limited has increased its shareholding in Berger Paints India Limited. The stake has risen to 64.57% of the company’s total share/voting capital.
Details of Acquisition
The acquisition involved 16,87,88,138 shares. This off-market acquisition is attributed to the amalgamation of U.K. Paints (Overseas) Limited and B.J.N. Holdings (I) Limited into U. K. Paints (India) Private Limited. The date of acquisition is 29.12.2025.
Pre and Post Acquisition Shareholding
Before the acquisition, U. K. Paints (India) Private Limited held 58,40,35,478 shares, representing 50.09% of the total share/voting capital. Post-acquisition, the holding has increased to 75,28,23,616 shares, constituting 64.57% of the total.
Entities Involved in Amalgamation
The scheme of amalgamation involved U.K. Paints (Overseas) Limited (Transferor Company-1) and B.J.N. Holdings (I) Limited (Transferor Company-2). These entities were incorporated under the laws of Jersey.
The Jersey Financial Services Commission approved the scheme on October 24, 2024, and the National Company Law Tribunal approved it on May 23, 2025.
Source: BSE
