Archive · 25 Sep 2025
Akzo Nobel Stake Sale and JSW Group Acquisition
A company that makes paint, Akzo Nobel India, had some of its shares sold by one of its main owners.
Many big investors bought those shares.
Also, another company called JSW Paints is trying to buy most of Akzo Nobel India.
They will also offer to buy more shares from the public.
JSW Paints is getting money by selling bonds to help pay for the purchase.
This is happening because the paint industry is very competitive, and JSW Paints wants to become a bigger player.
Imperial Chemical Industries sold a 5% stake in Akzo Nobel India for ₹765 crore.
Institutional investors, including Goldman Sachs and Morgan Stanley, bought the stake.
JSW Group plans to acquire up to 75% of Akzo Nobel India.
JSW Paints will make a mandatory offer to acquire 25% of the shares.
JSW Group will raise ₹7,000 crore via bonds to fund the acquisition.
- Who
- Imperial Chemical Industries, JSW Group, institutional investors
- What
- Imperial Chemical Industries sold a 5% stake; JSW Group plans to acquire a majority stake.
- When
- Published on September 25, 2025
- Where
- India
- Why
- Imperial Chemical Industries sold the stake; JSW Group aims to expand its paint business.
Imperial Chemical Industries
JSW Group
Reasons for the sale
Imperial Chemical Industries
Imperial Chemical Industries offloaded the stake.
JSW Group
JSW Group is acquiring a majority stake to expand their presence in the paint industry.
- Stake Sold
- 5%
- Sale Value
- ₹765 crore
- Seller
- Imperial Chemical Industries
- Buyer(s)
- Institutional investors
- JSW Group Acquisition Stake
- Up to 75%
- JSW Paints Acquisition Cost
- ₹8,986 crore
- JSW Group Bond Raise
- ₹7,000 crore