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Berger Paints gets nod for buying 95.53% stake in STP

15 Oct 2019 Evaluate

Berger Paints India has received an approval for the purchase of 1,88,63,180 equity shares of STP (STPL) representing 95.53% of the paid-up equity share capital of STPL. The balance 4.47% of the paid-up equity share capital of STPL will be held by the existing shareholders of STPL. The Board of the company at its meeting held on October 15, 2019, approved the same.

Berger Paints India is the second largest paint company in India. It is present in all segments of paint including decorative, automotive, industrial, protective and powder coatings.

Peers
Company Name CMP
Asian Paints 2349.05
Berger Paints India 469.85
Kansai Nerolac Paint 181.50
JSW Dulux 265.50
Indigo Paints 874.55
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