JSW Paints Limited has become a promoter of Akzo Nobel India after acquiring 278,71,723 equity shares, representing a 61.20% stake in the company. This acquisition makes JSW Paints a key influencer within Akzo Nobel India. The disclosure was made on December 12, 2025, marking a significant change in the company’s ownership structure.
JSW Paints New Promoter
As of December 12, 2025, JSW Paints Limited officially became a promoter of Akzo Nobel India following a substantial acquisition of equity shares. The transaction significantly alters the company’s ownership composition.
Details of Acquisition
JSW Paints acquired 2,78,71,723 equity shares of Akzo Nobel India. This acquisition has resulted in JSW Paints holding a 61.20% stake in the company, thus designating them as a promoter.
Source: BSE