JSW Paints Limited, along with PACs, has successfully completed its open offer for Akzo Nobel India Limited. Following the offer, JSW Paints’ shareholding stands at 70.20%. The offer, which closed on November 6, 2025, saw the acquisition of 201,428 equity shares at a price of ₹3,231.77 per share.
Open Offer Results
The open offer by JSW Paints Limited for the public shareholders of Akzo Nobel India Limited has concluded. The offer closed on November 6, 2025, with the consideration being paid on November 12, 2025. The offer was for the acquisition of up to 1,18,40,482 equity shares.
Details of Acquisition
The offer price was ₹3,231.77 per equity share. A total of 2,01,428 equity shares were tendered in the offer, and all 2,01,428 shares were accepted. The total size of the offer was ₹65,09,68,967.56.
Shareholding Pattern
Prior to the offer, the acquirer held 0.00% of the equity share capital. Through agreements (SPA), the acquirer obtained 54.64%, representing 2,48,81,333 shares. After the open offer, the acquirer holds 70.20% of the equity share capital, accounting for a total of 3,19,68,748 equity shares.
Public Shareholding
The public shareholding before the offer was 30.24%. Post offer, the public shareholding stands at 29.80%.
Acquisition through Open Offer
Through the open offer, the acquirer acquired 2,01,428 equity shares, representing 0.44% of the equity share capital, totaling to the acquisition of ₹65,09,68,967.56.
Source: BSE