JSW Paints Acquires Akzo Nobel India for $1.64B

  Published 9 months ago

JSW Paints buys Akzo Nobel India for 1.4B euros, expanding its portfolio amid competitive challenges.

  • Deal valued at 1.4B euros, including debt, marks India's largest paint sector acquisition on record.
  • JSW gains 74.76% stake, plans open offer for public shareholders, faces integration challenges.
  • Akzo retains R&D and coatings in India, expects 900M euros net proceeds by Q4 2025.

You might like these

Capacit’e Secures Hubtown Tower Order

Jio BlackRock Mutual Fund Approved

RITES Secures Major Contracts in Africa and India

Ola Roadster X: Deliveries Begin & Key Features

GST Reforms Boost Manufacturing

India's RBI to Use CRR More Frequently for Liquidity Management

RBI Expands LEF Exemptions for PSL Contributions

News that matters the most ⚡