Imperial Chemical Industries Limited, an erstwhile promoter of Akzo Nobel India Limited, has sold 16,603,504 equity shares, representing 36.46% of the paid-up equity share capital, to JSW Paints Limited. The transaction was executed via an off-market transaction on December 10, 2025. Imperial Chemical Industries has been declassified as a promoter post this transaction and will now be a public shareholder.
Significant Stake Transfer
On December 10, 2025, Imperial Chemical Industries Limited divested a substantial portion of its stake in Akzo Nobel India Limited. The company sold 16,603,504 equity shares.
Details of the Transaction
The equity shares sold represent 36.46% of Akzo Nobel India Limited’s total paid-up equity share capital. JSW Paints Limited acquired this stake through an off-market transaction.
Change in Shareholding Status
Following this transaction, Imperial Chemical Industries Limited has been declassified as a promoter of Akzo Nobel India Limited. The company will now operate as a public shareholder. This change took effect after the completion of the transaction on December 10, 2025.
Remaining Shareholding
After the sale, Imperial Chemical Industries Limited holds 4,097,025 shares, representing approximately 9% of the total shares.
Source: BSE