Asian Paints : Disclosure under SEBI Takeover Regulations
March 16, 2022 at 01:48 am EDT
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Nehal Abhay Vakil
Geetanjali, 9 N, Gamadia Road, Off Peddar Road, Mumbai 400026
Date: 15.03.2022
To,
To,
The BSE Limited,
National Stock Exchange of India Limited
Corporate Relations Department,
Exchange Plaza Block G, C 1,
BSE Limited
Bandra Kurla Complex, G Block BKC,
P. J. Towers, Dalal Street,
Bandra Kurla Complex, Bandra East,
Mumbai 400001
Mumbai, Maharashtra 400051
Dear Sir,
Sub: Declarations under Regulation 10(6) of the SEBI (SAST) Regulations, 2011.
Ref: Target Company - Asian Paints Limited (BSE - Scrip code - 500820) (ISIN: INE021A01026)
Pursuant to the regulation 10(6) of the SEBI (Substantial Acquisition of Share and Takeovers) Regulations 2011, please find the enclosed the disclosure by the promoter(s) for Acquisition by way of name deletion of second holder of equity shares of Asian Paints Limited.
Kindly take the same on record and oblige.
Thanking You,
Yours faithfully
Nehal Abhay Vakil
(Member of Promoter Group)
Encl.: as above
CC:
1. Asian Paints Limited
6A Shantinagar, Santacruz (East), Mumbai - 400055
Nehal Abhay Vakil
Geetanjali, 9 N, Gamadia Road, Off Peddar Road, Mumbai 400026
Format for Disclosures under Regulation 10(6) -Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Name of the Target Company (TC)
Name of the acquirer(s)
3. Name of the stock exchange where shares of the TC are listed
4.
Details of the transaction including
rationale, if any, for the transfer/
acquisition of shares.
5.
Relevant regulation under which the
acquirer is exempted from making open
offer.
6.
Whether
disclosure
of
proposed
acquisition
was
required
to
be
made
under regulation 10 (5) and if so,
- whether disclosure was made and
whether it was made within the
timeline
specified
under
the
regulations.
- date of filing with the stockexchange.
Asian Paints Limited
Ms. Nehal Abhay Vakil
BSE Limited, National Stock Exchange of India Limited
Received through Transmission of shares (name deletion of second shareholder and nominee)
Regulation 10(1)(g) of SEBI SAST Regulations, 2011
NO
7.
Details of acquisition
a.
Name of the transferor / seller
b.
Date of acquisition
c.
Number of shares/ voting rights in
respect of the acquisitions from each
person mentioned in 7(a) above
d.
Total shares proposed to be acquired /
actually acquired as a % of diluted
share capital of TC
e.
Price at which shares are proposed to
be acquired / actually acquired
8.
Shareholding details
a
Each Acquirer / Transferee(*)
b
Each Seller / Transferor
Disclosures
required to be
made under
regulation 10(5)
Pre-Transaction
No. of % w.r.t
shares total
held share capital ofTC
26,82,810 0.28%
26,82,810 0.28%
Whether the
disclosures under regulation 10(5) are actually made
Post-Transaction
No. of % w.r.t
shares total
held share capital ofTC
26,82,810 0.28%
26,82,810 0.28%
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Asian Paints Limited published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 05:47:08 UTC.
Asian Paints is the Indian No. 1 and world's No. 3 in manufacturing and marketing paints and surfaces coating products. Net sales by product family and services as follows:
- paints and surfaces coating products (98.9%): decorative and industrial paints, enameling products, wood varnishes and car paints under Apex, Ace, Roÿale, Utsav, Tractor, Premium, Berger, Scib, Apco and Taubmans brands;
- home improvement services (1.1%).
ASIAN PAINTS LIMITED 
