JSW Paints to Acquire Up to 26% Stake in Akzo Nobel India for INR 3,231.77 Per Share

JSW Paints Limited, along with JTPM Metal Traders Limited and JSW Edulnfra Private Limited, has announced an open offer to acquire up to 26% of the voting share capital of Akzo Nobel India Limited at a price of INR 3,231.77 per equity share. The total consideration for the open offer is up to INR 2997,11,18,266.54, assuming full acceptance. The offer size is subject to a proportionate reduction to ensure that the resulting shareholding of the acquirer and the PACs does not exceed 75% of the voting share capital.