Archive · 24 Sep 2025
Akzo Nobel Shares Trade Flat After Block Deal
Imperial Chemical Industries sold a portion of its shares in Akzo Nobel India.
This was done through a special type of transaction called a block deal.
About 5% of the company's shares were sold, with the deal valued at ₹765 crore.
The stock price slightly decreased after the announcement.
Imperial Chemical Industries still holds a significant stake in the company.
Akzo Nobel plans to expand in the paints market and aims to increase its market share.
Imperial Chemical Industries sold a 5% stake in Akzo Nobel India.
The block deal was valued at ₹765 crore.
Shares traded at ₹3,388 at noon, down 0.11%.
The floor price was reportedly ₹3,261.80 per share.
Akzo Nobel plans an expansion to strengthen its presence in the paints market.
- Who
- Imperial Chemical Industries sold a 5% stake in Akzo Nobel India Ltd.
- What
- A block deal involving 5% of Akzo Nobel India Ltd shares.
- When
- September 24, 2025, around noon
- Where
- BSE (Bombay Stock Exchange)
- Why
- Unknown
- Seller
- Imperial Chemical Industries
- Buyer
- Unknown (Block Deal)
- Stake Sold
- 5% of Akzo Nobel India Ltd
- Deal Value
- ₹765 crore
- Floor Price (Reported)
- ₹3,261.80 per share
- Share Price at Noon
- ₹3,388
- Share Price Change
- -0.11%
- Imperial Chemical Stake
- 50.46%
