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.

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.

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.

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.