Akzo Nobel India Limited has received a substantial acquisition disclosure from HDFC Mutual Fund, indicating an increase in the fund house's stake to 5.85% of the company's paid-up equity share capital. The acquisition was completed on December 17, 2025, through open market purchases.

Acquisition Details

The disclosure, made under Regulation 29(1) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, reveals that HDFC Mutual Fund's aggregate holdings reached 5.85% of Akzo Nobel India's paid-up equity share capital as of the close of business hours on December 17, 2025.

Company Share Capital Structure

Akzo Nobel India's paid-up equity share capital stands at ₹45.54 crores, comprising 4,55,40,314 equity shares of ₹10.00 each. The share capital structure remained unchanged before and after the acquisition.

HDFC Mutual Fund Schemes Involved

The acquisition involved multiple HDFC Mutual Fund schemes managed by HDFC Trustee Company Limited, including:

• HDFC BSE 500 ETF
• HDFC BSE 500 Index Fund
• HDFC Children's Fund
• HDFC Housing Opportunities Fund
• HDFC Multi Cap Fund
• HDFC Non Cyclical Consumer Fund
• HDFC NIFTY 500 MULTICAP 50:25:25 INDEX FUND
• HDFC Hybrid Equity Fund
• HDFC Retirement Savings Fund - Equity Plan
• HDFC NIFTY SMALLCAP 250 ETF
• HDFC NIFTY SMALLCAP 250 INDEX FUND
• HDFC Small Cap Fund

Holdings Comparison

The fund house's position in Akzo Nobel India shows an increase from its previous holding:

Regulatory Compliance

The disclosure was made by Dinesh Bhakade, Deputy Vice President - Compliance at HDFC Asset Management Company Limited, serving as the Investment Manager for HDFC Mutual Fund. The notification was sent to both BSE Limited and National Stock Exchange of India Limited, where Akzo Nobel India's shares are listed.

This acquisition represents an increase in HDFC Mutual Fund's exposure to Akzo Nobel India, a player in the specialty chemicals and coatings industry.

Akzo Nobel India Limited has witnessed significant promoter exits through multiple transactions disclosed under SEBI regulations. The company has seen two separate promoter entities divesting their stakes, marking substantial changes in its shareholding structure.

Recent Block Deal Transaction

Imperial Chemical Industries Limited, one of the promoters of Akzo Nobel India Limited, has sold a substantial equity stake through a block deal transaction on the National Stock Exchange of India Limited. The transaction details are outlined below:

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, indicating a complete exit by Imperial Chemical Industries Limited from its promoter position.

Earlier Promoter Exit Transaction

Prior to this transaction, AkzoNobel Coatings International B.V., another promoter entity, had also completed its divestment from the company:

Regulatory Compliance and Corporate Structure

Both transactions have been disclosed in compliance with SEBI regulations. The company's equity share capital stands at 4,55,40,314 shares. Imperial Chemical Industries Limited's disclosure was signed by designated officials including Okke L. Suurenbroek (Director Legal Corporate) and Kevin Choe, representing the selling entity.

Following these transactions, both AkzoNobel Coatings International B.V. and Imperial Chemical Industries Limited have been declassified as promoters pursuant to relevant SEBI regulations.

Transaction Impact

These promoter exits represent a combined divestment of 33.30% equity stake in Akzo Nobel India Limited, indicating significant changes in the company's ownership structure. The transactions demonstrate the ongoing restructuring activities within the AkzoNobel group's Indian operations.