Asian Paints rejigs shareholding in Berger International

Asian Paints' step down firm Asian Paints (International) Limited (APIL), Mauritius has transferred its entire holding of 99.18 per cent held in subsidiary Asian Paints (Lanka) to Singapore-based Berger International.
Berger International Private Limited, Singapore is a wholly-owned subsidiary of APIL.
"The transfer process has been completed on September 19, 2016," Asian Paints said in filing to BSE today.
Asian Paints Ltd is in the process of consolidating its investment in the overseas subsidiaries, it further said.