Akzo Nobel India will be acquired by JSW Paints Limited. As part of the transaction, Akzo Nobel India has entered into agreements with Akzo Nobel N.V. for continued use of intellectual property and corporate branding. These agreements ensure business continuity with a royalty-bearing license for certain intellectual property rights and a royalty-free license for the corporate brand during a transitional period. The board meeting concluded at 8:00 a.m.
Acquisition by JSW Paints
Akzo Nobel India (ANIL) is set to be acquired by JSW Paints Limited. This follows a share purchase agreement with Imperial Chemical Industries Limited and Akzo Nobel Coatings International B.V. (Sellers) from June 27, 2025. JSW Paints will acquire the Sellers’ entire shareholding in Akzo Nobel India.
Intellectual Property License Agreement
As part of the proposed transaction, Akzo Nobel India has entered into an Intellectual Property License Amendment and Consolidation Agreement (IPLA) with Akzo Nobel N.V. (AN N.V.). This agreement allows ANIL to use certain intellectual property rights, including copyrights, patents, domain names, trademarks, and know-how related to performance coatings. This license is on a royalty-bearing basis.
The IPLA ensures the continued manufacturing, distribution, provision, and sale of performance coatings products by ANIL in India, Bangladesh, Bhutan, Nepal, and Sri Lanka.
Corporate Brand License Agreement
Additionally, Akzo Nobel India has entered into a Corporate Brand License Agreement (CBLA) with Akzo Nobel N.V. This agreement permits ANIL to use the ‘Corporate Brand’ on a royalty-free basis for a transitional period after the completion of the acquisition. This applies to operations in India, Nepal, Bhutan, Bangladesh and Sri Lanka.
The CBLA is valid for 15 months from the date of completion of the acquisition, with customary provisions for compliance, quality standards, and usage restrictions. ANIL is obligated to phase out the use of the corporate brand within this transitional period.
Source: BSE
