With reference to the earlier letter dated July 21, 2015, Asian Paints Ltd has now informed BSE that as part of the Companys plan to consolidate its investments in the overseas subsidiaries, Asian Paints (International) Limited, Mauritius, a wholly owned subsidiary of the Company has transferred its entire holding of 49% held in the subsidiary company viz., Asian Paints (Middle East) LLC and 100% of holding in the subsidiary company viz., Asian Paints (Tonga) Limited to Berger International Limited, Singapore, a wholly owned subsidiary of Asian Paints (International) Limited.
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