JSW Paints Acquires Akzo Nobel India For Nearly Rs 9,000 Crore | Business News

Last Updated:June 27, 2025, 09:47 IST

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JSW Paints Ltd on Friday announced the acquisition of a majority stake in Akzo Nobel India for about Rs 9,000 crore. Following this, shares of Akzo Nobel surged by 6.14% to trade at Rs 3,388 apiece on the BSE, as of 9:42 am.

“JSW Paints Limited today entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited from Akzo Nobel N.V. and its affiliates, for a maximum consideration under the share purchase agreement of up to Rs 8,986 crore, subject to certain closing adjustments,” the company said in a regulatory filing.

JSW Paints, a part of the US $23 billion JSW Group, is India’s fastest-growing paints company. The JSW Group is a major Indian conglomerate with businesses spanning both B2B and B2C sectors, including steel, cement, energy, infrastructure, automobiles, and paints.

Akzo Nobel India Ltd (ANIL), a key player in India’s decorative and industrial paint segment, operates under Akzo Nobel — a global leader in decorative paints and industrial coatings, headquartered in the Netherlands.

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News business JSW Paints Acquires Akzo Nobel India For Nearly Rs 9,000 Crore