JSW Paints Limited has acquired 276,20,295 equity shares of Akzo Nobel India Limited from Imperial Chemical Industries Limited and Akzo Nobel Coatings International B.V. on December 10, 2025. This acquisition, combined with a previous open offer, results in JSW Paints holding 61.2% of Akzo Nobel India. The transaction marks a significant step for JSW Paints in expanding its presence in the Indian paints market.
Acquisition Overview
JSW Paints Limited has successfully acquired a significant equity stake in Akzo Nobel India Limited, effective December 10, 2025. The acquisition involves 276,20,295 equity shares obtained from Imperial Chemical Industries Limited and Akzo Nobel Coatings International B.V.
Details of Shareholding
Following this transaction, JSW Paints now holds a total of 278,27,723 equity shares in Akzo Nobel India Limited. This includes shares acquired previously through an open offer on November 12, 2025. JSW Paints’ total shareholding now constitutes approximately 61.2% of Akzo Nobel India’s equity share capital.
Impact on Control
As a result of this acquisition, JSW Paints has gained sole control over Akzo Nobel India Limited and will be classified as a promoter of the target company. This strategic move will allow JSW Paints to further enhance its competitive position in the Indian paints market.
Equity Capital Details
Prior to the acquisition, the equity share capital of Akzo Nobel India stood at 455,40,314 shares of INR 10 each, amounting to INR 45,54,03,140. Post-acquisition, the equity share capital remains unchanged at 455,40,314 shares, with the same total value.
Source: BSE