AkzoNobel India has disclosed a significant block deal transaction where Imperial Chemical Industries Limited (ICIL), one of its public shareholders, sold 40,97,025 equity shares for an aggregate consideration of ₹1,296.09 crores on the National Stock Exchange platform on December 17, 2025.

Block Deal Transaction Details

The transaction represents a complete exit by ICIL from AkzoNobel India, with the sale constituting approximately 9% of the company's total paid-up capital. Following this block deal, ICIL no longer holds any equity shares in the company.

Insider Trading Disclosure and Regulatory Compliance

AkzoNobel India made comprehensive disclosures pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The company confirmed that no promoter, promoter group, or group companies were buyers in this transaction, as it was conducted through the stock exchange platform with buyers being the public at large.

Transaction Structure and Market Impact

The block deal was executed on the National Stock Exchange platform, representing a significant institutional transaction in AkzoNobel India shares. The transaction was structured as an open market sale through the block deal mechanism, ensuring price discovery and market transparency. Notably, ICIL has been declassified as a promoter following the completion of this transaction on December 10, 2025, pursuant to Regulation 31A of SEBI LODR Regulations.

Company Communication and Documentation

The disclosure was signed by Rajiv L Jha, General Counsel, Company Secretary and Compliance Officer of AkzoNobel India Limited. The insider trading disclosure was submitted by ICIL representatives Okke L. Suurenbroek (Director Legal Corporate) and Kenny Choe, with the documentation dated December 18, 2025, from Amsterdam.

This block deal represents one of the significant institutional exits in the paints and varnish sector, with ICIL's complete divestment from AkzoNobel India marking the end of its shareholding in the company and its declassification from promoter status.

Bank of Maharashtra has successfully completed its annual interest payment on Basel III Compliant Tier-II Bonds, fulfilling its regulatory obligations under SEBI listing requirements. The payment was made on December 15, 2025, totaling ₹15.55 crores to bondholders.

Bond Interest Payment Details

The bank made the interest payment on its Basel III Tier-II bonds with ISIN INE457A08068, which have a total value of ₹200.70 crores. The payment was originally scheduled for December 14, 2025, but was executed on December 15, 2025, due to December 14 being a bank holiday.

Regulatory Compliance

The interest payment was made in accordance with Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bank of Maharashtra notified both BSE Limited and National Stock Exchange of India Limited about the successful completion of the payment.

The bank trades on BSE with scrip code 532525 and on NSE with scrip code MAHABANK. The payment delay of one day was justified due to the bank holiday on the original due date, as permitted under the Information Memorandum governing the bonds.

Bond Structure and Trustee Information

The Basel III Compliant Tier-II Bonds represent part of the bank's regulatory capital structure, designed to meet banking sector capital adequacy requirements. Catalyst Trusteeship Limited serves as the Debenture Trustee for these bonds, ensuring proper oversight and protection of bondholder interests.

The successful completion of this interest payment demonstrates Bank of Maharashtra's commitment to honoring its debt obligations and maintaining transparency with stakeholders through proper regulatory disclosures.