JSW Paints has acquired 2,76,70,295 equity shares of Akzo Nobel India Limited from Imperial Chemical Industries Limited and Akzo Nobel Coatings International B.V. This acquisition, completed on December 10, 2025, increases JSW Paints’ stake in Akzo Nobel India. JSW Paints now holds 61.2% of Akzo Nobel India’s equity.
JSW Paints Increases Shareholding
JSW Paints Limited has acquired a substantial number of equity shares in Akzo Nobel India Limited, solidifying its position in the company. The transaction was completed on December 10, 2025.
Details of the Acquisition
The acquisition involved 2,76,70,295 equity shares. This purchase was made from Imperial Chemical Industries Limited and Akzo Nobel Coatings International B.V.
Revised Shareholding Post-Acquisition
Following the acquisition, JSW Paints now holds a total of 2,78,71,723 equity shares in Akzo Nobel India. This represents 61.2% of the total share/voting capital.
Control Over Target Company
As a result of this acquisition, JSW Paints has obtained sole control over Akzo Nobel India, and is classified as a promoter of the Target Company.
Source: BSE