Imperial Chemical Industries Limited, an erstwhile promoter of Akzo Nobel India, has sold 1,66,03,504 equity shares, reducing its stake in the company. This off-market transaction, executed on December 10, 2025, decreases ICI’s shareholding to 9%. Despite the sale, ICI remains a public shareholder and the transaction was valued at ₹4586,07,47,515 with an upfront consideration of ₹43,64,06,49,913.60.
Stake Reduction by Imperial Chemical Industries
Imperial Chemical Industries Limited (ICI), previously a promoter of Akzo Nobel India, has disposed of a significant portion of its equity holding. As of December 10, 2025, ICI sold 1,66,03,504 equity shares of Akzo Nobel India. Post this transaction, ICI’s stake in Akzo Nobel India stands at 9% of the total equity.
Transaction Details and Valuation
The off-market sale was executed on December 10, 2025, with intimation to the company on December 11, 2025. The total consideration for the disposed shares amounted to ₹4586,07,47,515. Out of this, ₹43,64,06,49,913.60 was paid upfront, with the remainder to be paid on a deferred basis. ICI has been declassified as a promoter, but continues to be a public shareholder.
Revised Shareholding
Prior to the sale, ICI held 2,07,00,529 equity shares, representing 45.46% of Akzo Nobel India. Following the disposal of shares, ICI now holds 4,097,025 equity shares, equivalent to 9% of the company’s equity.
Source: BSE