Archive · 28 Jun 2025
JSW Paints to Acquire Akzo Nobel India's Paint Business
JSW Paints is buying Akzo Nobel India's paint business in a big deal.
They're paying a lot of money, around 12,915 crore, to take over.
JSW Paints is buying a big part of the company first, and then they will offer to buy the rest.
This deal brings brands like Dulux under JSW Paints' control.
JSW Paints wants to grow in the fast-growing paint business.
The current Akzo Nobel CEO thinks this is a great move.
JSW Paints will acquire Akzo Nobel India's paint business for Rs 12,915 crore.
The deal includes acquiring a 74.76% stake from Akzo Nobel NV for Rs 8,986 crore.
JSW Paints will make an open market offer for an additional 25% stake, valued at Rs 3,929.06 crore.
Morgan Stanley advised JSW Paints on the acquisition.
The deal includes the Dulux brand of paints.
- Who
- JSW Paints acquired Akzo Nobel India.
- What
- JSW Paints acquired Akzo Nobel India's paint business.
- When
- Not explicitly mentioned in article.
- Where
- In India.
- Why
- Not explicitly mentioned in article.
JSW Paints
Akzo Nobel
Company Strategy
JSW Paints
Expansion of business
Akzo Nobel
Sale of business
- Acquisition Value
- Rs 12,915 crore
- JSW Paints Stake
- Up to 74.76%
- Stake from Akzo Nobel NV
- 74.76%
- Open Market Offer Stake
- 25%
- Brands Involved
- Dulux
- Financial Advisor
- Morgan Stanley
