Akzo Nobel Coatings International B.V., a promoter of Akzo Nobel India, has sold 11,066,791 equity shares, representing 24.30% of the company’s equity. The transaction, executed off-market, involved a total consideration of ₹30,567,722,804, with ₹29,087,953,464.40 paid upfront and the balance deferred. Following the sale, Akzo Nobel Coatings International B.V. has been declassified as a promoter. The deal closed on December 10, 2025.
Equity Share Disposal
Akzo Nobel Coatings International B.V., previously a promoter of Akzo Nobel India, executed an off-market sale of 11,066,791 equity shares. This represents 24.30% of the total equity.
Transaction Details
The total consideration for the disposed shares was ₹30,567,722,804. Of this, ₹29,087,953,464.40 was received upfront, with the remainder to be paid on a deferred basis. The transaction was completed on December 10, 2025. Post-transaction, Akzo Nobel Coatings International B.V. is no longer classified as a promoter of Akzo Nobel India.
Source: BSE