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| Exchange Received Time 16/06/2017 17:19:34 Exchange Disseminated Time 16/06/2017 17:19:40 Time Taken 00:00:06 | In accordance with Regulation 30 of Securities and Exchange Board of India ('SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR Regulations'), this is to inform you that Berger International Private Limited, Singapore (BIPL), indirect subsidiary company of the Company, has, today, entered into a 'Share Purchase Agreement' with ANSA Coatings International Limited, St. Lucia ('ANSA Coatings') for divestment of its entire stake in Lewis Berger (Overseas Holdings) Limited, UK ('LBOH'), wholly owned subsidiary of BIPL, which in turn holds stake in the following companies:
100% stake in Berger Paints Barbados Limited ('BPBL'), a company incorporated under the laws of Barbados;
51% stake in Berger Paints Jamaica Limited ('BPJL'), a publicly listed company incorporated under the laws of Jamaica; and
70% stake in Berger Paints Trinidad Limited ('BPTL'), a publicly listed company incorporated under the laws of Trinidad and Tobago.
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