JSW Paints to Acquire AkzoNobel India in ₹8,986 Crore Landmark Deal

 JSW Paints to Acquire AkzoNobel India in ₹8,986 Crore Landmark Deal




In a major development in India’s paint industry, JSW Paints Ltd. has entered into an agreement to acquire 74.76% stake in Akzo Nobel India Ltd. (ANIL) from its parent Akzo Nobel N.V. and associated entities. The transaction is valued at up to ₹8,986 crore, pending final adjustments as per the Share Purchase Agreement.

The deal is subject to regulatory approvals, including clearance from the Competition Commission of India (CCI) and a mandatory open offer to public shareholders of ANIL.

JSW Paints, a subsidiary of the $23 billion JSW Group, is currently the fastest-growing paint company in India, with significant expansion across various industrial sectors like steel, cement, energy, and automotive.

ANIL is a key player in India's decorative and industrial paints sector. It operates under the Netherlands-based Akzo Nobel, known globally for premium paint and coatings brands such as Dulux, International, and Sikkens.

Parth Jindal, Managing Director of JSW Paints, stated:

“We are thrilled to welcome Akzo Nobel India into the JSW family. With their iconic brands and strong market presence, we aim to build the next-gen paint company in India.”

Greg Poux-Guillaume, CEO of Akzo Nobel, added:

“This transaction marks a strategic milestone. We are confident JSW is the right long-term partner with strong local expertise and ambition.”

The deal was facilitated by Morgan Stanley as the exclusive financial advisor to JSW Paints. Khaitan & Co. offered legal counsel, while Deloitte managed the financial and tax due diligence.

Popular posts from this blog

Made-in-India iPhone Exports to the US Skyrocket: 97% Shipped Between March and May 2025

📱 Made-in-India iPhone Exports to the US Skyrocket: 97% Shipped Between March and May 2025 🔥 Apple's Strategic Move to Beat China Tariffs and Boost India Production Apple is rapidly increasing its iPhone exports from India to the United States in a significant shift that highlights its smart strategy to bypass high tariffs on Chinese-made products. According to recent customs data reviewed by Reuters, a stunning 97% of iPhones exported from India between March and May 2025 were shipped directly to the US . 📦 Record-Breaking iPhone Exports from India to the US Global tech giant Foxconn exported iPhones worth $3.2 billion (approx. ₹27,547 crore) from India during this three-month period , and almost all of them went to the US market. In May alone, shipments touched nearly $1 billion (around ₹8,608 crore), while the record was set in March with $1.3 billion (₹11,191 crore) worth of iPhones exported. This is a sharp jump compared to 2024, when only about 50% of India’s iPhone e...
Read more

FedEx Founder Frederick Smith Passes Away at 80: Remembering His Remarkable Legacy

FedEx Founder Frederick Smith Passes Away at 80: Remembering His Remarkable Legacy Frederick W. Smith , the visionary founder of FedEx , has passed away at the age of 80. The news was officially announced by FedEx CEO Raj Subramaniam through a company memo published on Saturday. Born in 1944 , Frederick Smith was a former officer in the United States Marine Corps and served during the Vietnam War . In 1973 , he founded Federal Express with just 389 employees and a fleet of 14 small aircraft . On its very first night, the company delivered 186 packages from Memphis to 25 cities across the United States . Over the decades, FedEx expanded into a global logistics powerhouse. Today, FedEx operates over 705 aircraft , more than 200,000 delivery vehicles , and manages nearly 5,000 global facilities . The company now employs approximately 500,000 people worldwide and handles an average of 17 million shipments every day . In 2022, Smith stepped down as CEO, passing the leadership t...
Read more