New Delhi: UK Paints (India) Private Limited, a key promoter group entity of Berger Paints India Ltd, has announced plans to enhance its direct shareholding in the decorative paints major to 64.57% through an internal restructuring of promoter holdings, according to a regulatory filing on Monday.
Under the scheme, UK Paints will acquire 16,87,88,138 equity shares, representing an additional 14.48% stake, from its wholly owned subsidiary Jenson & Nicholson (Asia) Ltd, effective on or after December 29, 2025. The transaction will involve nil consideration and is being executed under a scheme of amalgamation sanctioned by corporate regulators, including the National Company Law Tribunal (NCLT) and the Jersey Financial Services Commission.
The move will raise UK Paints’ direct holding from 50.09% to 64.57%, while the aggregate promoter and promoter group shareholding in Berger Paints will remain unchanged. The transaction has been structured to be exempt from open offer obligations under SEBI’s Takeover Regulations, as per the filing.
The promoter group says the restructuring aims to rationalise and simplify the corporate structure, cut regulatory and administrative costs, and enhance operational oversight at the ultimate holding level. By consolidating stakes under UK Paints India, the group seeks more efficient capital allocation and streamlined governance across related entities.