AkzoNobel India: ICIL Completes ₹1,296 Crore Exit with Regulatory Disclosure

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.

Transaction Parameter:	Details
Shares Sold:	40,97,025 equity shares
Transaction Value:	₹1,296.09 crores
Percentage of Capital:	9% (rounded off)
Transaction Date:	December 17, 2025
Settlement Date:	December 18, 2025

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.

Regulatory Aspect:	Status
Related Party Transaction:	No
Promoter Group Involvement:	None
Transaction Type:	Open market block deal
Settlement Basis:	T+1 basis
ICIL Status:	Declassified as promoter post-transaction

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.

ICIL Transaction Details:	Information
Previous Holding:	40,97,025 equity shares (9%)
Post-Transaction Holding:	Nil
Transaction Mode:	On-market sale
Exchange:	National Stock Exchange
Total Consideration:	₹12,960,941,865.12

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.07%	-0.05%	+8.85%	+8.07%	+21.01%	+356.03%

Bank of Maharashtra has completed its annual interest payment on Basel III Additional Tier-1 Bonds, fulfilling its regulatory obligations under SEBI listing requirements. The payment was processed on December 26, 2025, in compliance with the bank's bond agreement terms.

Bond Interest Payment Details

The bank made the interest payment on bonds with ISIN INE457A08134, representing a significant financial obligation. The payment details are structured as follows:

Parameter:	Details
Bond ISIN:	INE457A08134
Principal Amount:	₹880.00 crores
Interest Amount Paid:	₹76,91,20,000 (including TDS)
Interest Payment Record Date:	December 11, 2025
Due Date:	December 26, 2025
Actual Payment Date:	December 26, 2025
Last Interest Payment:	December 26, 2024

Payment Timeline and Compliance

The interest payment was scheduled and completed on December 26, 2025, as per the original due date. This demonstrates the bank's adherence to established protocols and regulatory guidelines for its Basel III Additional Tier-1 Bonds.

Regulatory Framework

The interest payment was made pursuant to Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bank of Maharashtra communicated this information to both BSE Limited and National Stock Exchange of India Limited, maintaining transparency with stakeholders and regulatory bodies.

Bond Structure and Characteristics

The Basel III Additional Tier-1 Bonds represent part of Bank of Maharashtra's capital structure, with the principal amount standing at ₹880.00 crores. The annual interest payment of ₹76.91 crores reflects the bank's commitment to meeting its debt obligations in a timely manner.

The bank has also informed IDBI Trusteeship Services Limited, which serves as the Debenture Trustee for these bonds, ensuring all relevant parties are kept informed of the payment completion. This systematic approach to communication underscores the bank's commitment to regulatory compliance and stakeholder transparency.