JSW Paints to acquire up to 75% stake in Akzo Nobel India for ₹9,446 crore
NEW DELHI: JSW Paints has entered into a definitive agreement to acquire up to 75% stake in Akzo Nobel India (ANIL), marking one of the biggest moves in India’s decorative paints industry. The transaction, set through a share purchase agreement (SPA) dated June 27, 2025, involves the purchase of the entire promoter shareholding from Imperial Chemical Industries and Akzo Nobel Coatings International B.V.—the two holding companies owning a combined 74.76% in Akzo Nobel India. According to the SPA, JSW Paints has agreed to acquire up to 34,044,335 equity shares, representing approximately 74.76% of the total share capital of Akzo Nobel…