Promoter holding in Berger Paints set to rise through group restructuring move

UK Paints plans to acquire an additional 14.48 percent stake in Berger Paints as part of an internal restructuring exercise within the promoter group. The transaction will be executed through inter-se transfer of shares and will not involve fresh capital infusion. The move is aimed at consolidating ownership while maintaining the existing operational and management structure of the listed paint manufacturer.