JSW Paints to Acquire 25.24% Stake in Akzo Nobel India for INR 3929 Crores

JSW Paints Limited, along with JTPM Metal Traders Private Limited and JSW Edulnfra Private Limited, has announced an open offer for acquisition of up to 1,14,95,979 fully paid-up equity shares of Akzo Nobel India Limited, representing 25.24% of the Voting Share Capital at a price of INR 3,417.77 per Equity Share. The total consideration of the offer is up to INR 3929,06,12,147, assuming full acceptance. The offer is being made pursuant to and in compliance with the SEBI (SAST) Regulations.