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| Exchange Disseminated Time | With reference to the earlier announcement dated February 13, 2014, regarding Berger International Limited (BIL), Singapore, a subsidiary of Asian Paints (International) Limited (APIL), Mauritius, a wholly owned subsidiary of the Company, had been delisted from Singapore Exchange Securities Trading Limited (SGX - ST) with effect from February 11, 2014 and APIL held and owned approximately 96.69 per cent of the total number of issued shares of BIL.
In this regard, Asian Paints Ltd has informed BSE that the High Court of the Republic of Singapore had on July 15, 2014 approved the proposal of selective capital reduction, under the Companies Act, of Singapore, to cancel all the shares held by the minority shareholders of BIL, effective upon the lodgment of the Order of Court approving the Selective Capital Reduction with the Registrar of Companies and Businesses (Registrar).
BIL had on July 30, 2014 lodged the Order of the Court with the Registrar, resulting in BIL becoming a 100% subsidiary of APIL. |
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