Corporate Announcement
Security Code : 500820    Company : ASIANPAINT    
 
Updates on Voluntary unconditional cash offer for the shares of Berger International Limited (BIL), Singapore by Asian Paints (International) Limited Mauritius, a wholly owned subsidiary of the Company
 
  Exchange Disseminated Time     
With reference to the earlier announcement dated August 21, 2013, wherein the Company had informed about the acquisition of additional shares and voluntary unconditional cash offer for the remaining shares of Berger International Limited (BIL), Singapore by Asian Paints (International) Limited (APIL), Mauritius, a wholly owned subsidiary of the Company. Further APIL had also announced their intention to acquire the balance 24.18% shares of BIL with an intention to make BIL a wholly owned subsidiary of APIL and delist from the Singapore Exchange Securities Trading Limited (“SGX-ST”), In this regard Asian Paints Ltd has now informed BSE that APIL owns and holds approximately 90.44 per cent, of the total number of issued Shares of Berger International Ltd, Singapore - indirect subsidiary of Asian Paints Ltd, as at the date of this Announcement, together with the valid acceptances received in terms of the aforesaid Offer.

The Closing date for the said offer is October 09, 2013 at 5.30 pm (Singapore time) or such later date(s) as may be announced from time to time by APIL.

The announcement has already been made on the Singapore Exchange Ltd by BIL. Further, BIL has no operations in India.
 

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