Deals25 Sept 2025, 01:39 pm
Promoter Akzo Nobel India Ltd Sells Shares Worth Rs. 764.80 Crore
AI Summary
Akzo Nobel India Ltd has announced that one of its promoters, Imperial Chemical Industries Limited (ICIL), has sold 22,77,015 equity shares for an aggregate consideration of Rs. 764.80 crore through a Block Deal on the National Stock Exchange of India Limited on 24th September 2025. This sale constitutes approximately 5% of the total paid-up capital of the company. Post-transaction, the promoters’/promoter group’s shareholding in the company stands reduced to 69.76% from the pre-transaction shareholding of 74.76%.
Key Highlights
- Imperial Chemical Industries Limited (ICIL) sold 22,77,015 equity shares of Akzo Nobel India Ltd
- The sale was for an aggregate consideration of Rs. 764.80 crore
- The sale was conducted through a Block Deal on the National Stock Exchange of India Limited
- Post-transaction, the promoters’/promoter group’s shareholding in the company stands reduced to 69.76%
- The sale constitutes approximately 5% of the total paid-up capital of the company