Imperial Chemical Industries cuts stake in Akzo Nobel India

Imperial Chemical Industries Limited (ICIL) has divested 2,277,015 equity shares of Akzo Nobel India Limited, constituting approximately 5% of the company's paid-up equity share capital. The sale, executed as an open market block deal on the National Stock Exchange on September 24, 2025, generated a total consideration of ₹764.80 crore.

This transaction reduces ICIL's shareholding in Akzo Nobel India from 50.46% to 45.46% of the total voting capital. Despite the divestment, ICIL remains a promoter and part of the promoter group of Akzo Nobel India Limited.

The disclosure confirms that the buyers in this transaction are public investors and not part of the promoter or promoter group, and the deal was not a related party transaction. The remaining total diluted share/voting capital of Akzo Nobel India after the acquisition/sale stands at 4,55,40,314.