Akzo Nobel Coatings International B.V., a former promoter of Akzo Nobel India Limited, has divested 11,066,791 equity shares, representing 24.30% of the company’s paid-up equity share capital. The shares were sold to JSW Paints Limited through an off-market transaction completed on December 10, 2025. This transaction marks a significant shift in Akzo Nobel India’s shareholding structure.
Significant Stake Transfer
Akzo Nobel Coatings International B.V., previously a promoter of Akzo Nobel India Limited, executed a sale of a substantial portion of its shareholding. The transaction involved the transfer of 11,066,791 equity shares. This represents approximately 24.30% of Akzo Nobel India’s total paid-up equity.
Details of the Transaction
The sale of shares was formally completed on December 10, 2025. The shares were acquired by JSW Paints Limited through an off-market transaction, as officially announced by Akzo Nobel India. The selling promoter is now declassified.
Impact on Shareholding
Following this transaction, the total shareholding of Akzo Nobel Coatings International B.V. has been reduced. JSW Paints now holds a significant stake in Akzo Nobel India, altering the company’s shareholder composition. The paid-up equity capital of the company remains at 45,540,314.
Source: BSE
