AkzoNobel India Limited has disclosed a significant promoter exit through an insider trading disclosure filed under SEBI regulations. The transaction marks a complete divestment by one of the company's erstwhile promoters.

Major Promoter Exit Transaction

AkzoNobel Coatings International B.V., previously classified as a promoter and member of the promoter group, has sold its entire equity stake in the company. The transaction details are presented below:

Payment Structure and Terms

The sale transaction has been structured with a bifurcated payment mechanism:

The deferred consideration component will be paid according to terms specified in the share purchase agreement, subject to contingent conditions.

Regulatory Compliance and Disclosure

The transaction has been disclosed in compliance with Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. AkzoNobel India Limited filed the mandatory disclosure with both BSE Limited (Scrip Code: 500710) and National Stock Exchange of India Ltd. (Symbol: AKZOINDIA) on December 12, 2025.

Following the completion of this transaction, AkzoNobel Coatings International B.V. has been declassified as a promoter pursuant to Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Seller Profile

AkzoNobel Coatings International B.V. is a Netherlands-based entity with registration number 09078208, headquartered at Christian Neefestraat 2, 1077, WW Amsterdam. The entity held 24.30% equity stake in AkzoNobel India Limited prior to this complete divestment.

The disclosure was signed by designated officials including Kewny Chae (Managing Director Treasury CFE) and L. Suurenbroek (Director Legal Corporate), representing AkzoNobel Coatings International B.V. in this transaction.

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.