JSW Paints Completes ₹894 Crore Akzo Nobel Acquisition, Becomes Promoter
JSW Paints Limited has successfully completed its acquisition of Akzo Nobel India Limited, becoming the promoter with 61.20% shareholding totaling 2,78,71,723 equity shares. AkzoNobel India officially filed the required promoter disclosure documents with stock exchanges, confirming JSW Paints' new status following the ₹894 crore transaction completed on December 10, 2025.
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JSW Paints Limited has successfully completed its acquisition of Akzo Nobel India Limited, with the target company officially filing promoter disclosure documents confirming the change in control. On December 12, 2025, AkzoNobel India Limited submitted the required disclosure under Regulation 7(1) of SEBI (Prohibition of Insider Trading) Regulations, 2015, to both BSE Limited and National Stock Exchange of India.
Acquisition Transaction Details
JSW Paints Limited acquired 2,76,70,295 equity shares of Akzo Nobel India Limited from the sellers on December 10, 2025. This acquisition was executed pursuant to a share purchase agreement dated June 27, 2025, between JSW Paints Limited and Imperial Chemical Industries Limited along with Akzo Nobel Coatings International B.V.
| Parameter: | Details |
|---|---|
| Shares Acquired: | 2,76,70,295 equity shares |
| Acquisition Percentage: | 60.76% of voting capital |
| Acquisition Date: | December 10, 2025 |
| Mode of Acquisition: | Off-market transaction |
| Face Value per Share: | ₹10.00 |
Final Shareholding Position
Following the completion of this acquisition, combined with the 2,01,428 equity shares acquired under the open offer on November 12, 2025, JSW Paints now holds a total of 2,78,71,723 equity shares. This represents 61.20% of the total voting capital of Akzo Nobel India Limited, officially making JSW Paints the promoter of the company.
| Shareholding Status: | Before Acquisition | After Acquisition |
|---|---|---|
| JSW Paints Holdings: | 2,01,428 shares (0.44%) | 2,78,71,723 shares (61.20%) |
| Total Equity Capital: | 4,55,40,314 shares | 4,55,40,314 shares |
| Promoter Status: | Non-promoter | Promoter |
Regulatory Compliance and Documentation
AkzoNobel India Limited, through Company Secretary Rajiv L Jha, submitted the promoter disclosure in Form A to both stock exchanges where the company's shares are listed under scrip code 500710 and symbol AKZOINDIA. The disclosure confirms that JSW Paints Limited has become the promoter following the acquisition of 2,78,71,723 equity shares on December 10, 2025.
JSW Paints Limited had earlier filed a rectified disclosure under SEBI regulations on December 12, 2025, correcting technical errors in its original filing related to the substantial acquisition. The company, through Company Secretary Nishant Salvi, ensured proper regulatory compliance by promptly filing the corrected version.
Strategic Industry Consolidation
This acquisition represents a significant consolidation move in the Indian paints industry, with JSW Paints expanding its market presence through this controlling stake acquisition valued at approximately ₹894 crores. The transaction positions JSW Paints as the controlling entity of Akzo Nobel India, an established player in the paints and varnish sector, marking a major strategic expansion for the acquirer in the competitive Indian paints market.
Historical Stock Returns for Akzo Nobel
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.49% | -1.40% | -3.09% | -15.20% | -23.48% | +24.62% |
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