Acquisitions12 Dec 2025, 04:05 pm
JSW Paints Acquires Major Stake in Akzo Nobel India Ltd from Akzo Nobel Coatings International B.V. and Imperial Chemical Industries Limited
AI Summary
JSW Paints Limited has acquired 2,76,70,295 equity shares of Akzo Nobel India Limited from Akzo Nobel Coatings International B.V. and Imperial Chemical Industries Limited. This acquisition is in addition to the 2,01,428 equity shares acquired by the Acquirer under the open offer on 12 November, 2025. The total holding of JSW Paints Limited along with PACs after the acquisition is 61.2% of the total voting rights.
Key Highlights
- JSW Paints Limited acquires 2,76,70,295 equity shares of Akzo Nobel India Limited from Akzo Nobel Coatings International B.V. and Imperial Chemical Industries Limited.
- This acquisition is in addition to the 2,01,428 equity shares acquired by the Acquirer under the open offer on 12 November, 2025.
- The total holding of JSW Paints Limited along with PACs after the acquisition is 61.2% of the total voting rights.