Asian Paints Ltd. — M&A Activity 2023

Aug 24, 2023

l	NameoftheTarget Company(TC)	AsianPaintsLimited
2.	Nameoftheacquirer(s)	Mrs.RaginiVarun Vakil
	Whether theacquirer(s)is/arepromotersoftheTCpriortothetransaction.Ifnot,natureofrelationshipor	Yes
	associationwiththeTCorits
	promoters
4.	Detailsofthe proposedacquisition
	a. Nameoftheperson(s)fromwhomshares are	Mrs.DipikaAmarVakil
	tobeacquired
	b. hoposeddateofacquisition	31.08.2023
	c. Numberofsharestobeacquiredfromeach	5000
	personmentioned in 4(a)above
	d. Totalsharestobeacquiredasohofshare	0.00%
	capitalofTC
	Priceatwhichsharesareproposedtobe
	acquirediRationale,ifany,forthe proposedtransfer	Gilt
5.	Relevant sub-clauseofregulationl0(l)(a)underwhich	Regulation l0(I)(a)ofSEBISAST
	theacquireris exemptedfrommakingopen	Regulations,201I
	offer
6.	If,frequently traded, volume weightedaveragemarket	,183.03
	priceforaperiod of60tradingdayspreceding thedate
	ofissuanceofthisnoticeastraded on the stock exchange
	where the maximumvolumeoftradingintheshares
	oftheTCarerecordedduringsuchperiod.
7.	Ifin-frequentlytraded, thepriceasdetermined interms
	ofclause(e)ofsub-regulation(2)of
	regulation8.
8.	Declarationbytheacquirer,that theacquisitionprice	NA
	wouldnotbe higherbymore than2570of theprice
	computedinpoint 6orpoint 7as
	applicable.
9.	Declarationbytheacquirer,thatthetransferorand	CS
	transferee havecomplied/willcomplywithapplicable
	disclosure requirementsinChapterVoftheTakeoverRegulations,20ll(correspondingprovisionsofthe
	repealedTakeover RegulationsI997)
10.	Declaration by the acquirer thatalltheconditions	Yes
	specifiedunderregulation l0(I)(a)withrespectto
	exemptionshas beendulycompliedwith.

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