Asian Paints Ltd: Disclosures under Reg. 8A of SEBI (SAST) Regulations, 1997

Asian Paints Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE

Date of Reporting : March 08, 2011
Name of the Company : Asian Paints Ltd
Total no of outstanding shares of the Company : 9,59,19,779

1. Name of the Entity : Sudhanva Investments & Trading Co. Pvt Ltd

Details of Transaction
Date of Transaction : March 03, 2011
Number of Shares pledged : 59,850 (Revoke)

Aggregate details after the transaction
Total no of shares held by the entity in the Company : 1,832,402
Total No of shares pledged : 925,150
% of total shares pledged to total no of shares held by the entity in the Company : 50.49%
% of shares pledged to total no of outstanding shares of the Company : 0.96%

2. Name of the Entity : Sudhanva Investments & Trading Co. Pvt Ltd

Details of Transaction
Date of Transaction : March 04, 2011
Number of Shares pledged : 65,000 (Revoke)

Aggregate details after the transaction
Total no of shares held by the entity in the Company : 1,832,402
Total No of shares pledged : 860,150
% of total shares pledged to total no of shares held by the entity in the Company : 46.94%
% of shares pledged to total no of outstanding shares of the Company : 0.90%Read More