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Asian Paints Limited - Updates

Capital Market/ 15:30 , Aug 02, 2012

Asian Paints Limited has informed the Exchange that (1) The Company has received the Certified Copy of the Order passed by the Hon'ble High Court of judicature at Bombay approving the Scheme of Merger and Demerger which envisages merger of PPG Coatings India Private Limited (subsidiary of PPG India) and AP Coatings Limited (wholly owned subsidiary of the Company) with Asian PPG Industries Limited (APPG) (existing Joint Venture between Asian Paints Group and PPG Group). The Scheme then provides for demerger of the Liquid Industrial Paints, Powder Coatings and Protective Coatings businesses from APPG into Asian Paints PPG Limited (second Joint Venture Company). The appointed date under the Scheme was April 01, 2012. (2) The said Order has been filed by the respective companies with the Registrar of Companies, Maharashtra at Mumbai on August 01, 2012, making the Order effective.

 



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