Berger Paints India has acquired 91.94 % of the paid-up equity share capital of STP 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 has thus become a subsidiary of Berger Paints India with effect from 1 November, 2019.
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