Asian Paints announced that Berger International, Singapore (BIPL), indirect subsidiary company of the Company, has on 16 June 2017 entered into a ‘Share Purchase Agreement' with ANSA Coatings International , St. Lucia ('ANSA Coatings') for divestment of its entire stake in Lewis Berger (Overseas Holdings), 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.