Imperial Chemical Industries Limited, a shareholder of Akzo Nobel India, has sold 4,097,025 equity shares of the company. This transaction, representing approximately 9% of the total shareholding, was executed on December 17 and 18, 2025. Post transaction, Imperial Chemical Industries holds no shares. The transaction was an off-market sale.
Shareholding Disclosure
Akzo Nobel India has received disclosures regarding a change in shareholding from Imperial Chemical Industries Limited, an erstwhile promoter of the company. The company announced that Imperial Chemical Industries Limited sold its 4,097,025 equity shares.
Details of Transaction
The shares were sold in an off-market transaction on December 17 and 18, 2025. The total consideration received for the sale of shares amounted to ₹12,960,941,865.12. Following this transaction, Imperial Chemical Industries Limited no longer holds any equity shares in Akzo Nobel India. The seller has been declassified as a promoter post closing of the transaction on December 10, 2025.
Source: BSE