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| Exchange Received Time 01/11/2019 18:15:09 Exchange Disseminated Time 01/11/2019 18:15:14 Time Taken 00:00:05 | Pursuant to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 dated 15th October, 2019 and our letter dated 18th October, 2019, copies of which are attached for your ready reference, we would like to inform you that the Company has till now acquired 91.94 % of the paid-up equity share capital of STP Limited out of 95.53% to be acquired by the Company. The balance 3.59% of the paid-up equity share capital is intended to be acquired shortly, as per the Share Purchase Agreement entered between the parties.
STP Limited has thus become a subsidiary of Berger Paints India Limited with effect from 1st November, 2019.
A Press Release, which is being issued in this regard, is enclosed.
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