Akzo Nobel India shareholders receive open offer at ₹2,000 per share

Morgan Stanley India Company Private Limited, as the manager to the open offer, has announced a pre-offer advertisement and corrigendum for an open offer to the public shareholders of Akzo Nobel India Limited. This follows a letter of offer dated October 14, 2025, and a detailed public statement dated July 4, 2025. The advertisement was published on October 20, 2025, in accordance with Regulation 18(7) of the SEBI (SAST) Regulations in several newspapers.

The open offer entails an acquisition of up to 1,346,402 equity shares, representing 26.00% of the total equity share capital, at an offer price of ₹2,000 per share. The total consideration for the offer, assuming full acceptance, would be ₹2,69,28,04,000. The offer is not subject to any minimum level of acceptance.

Key dates for the offer include the dispatch of the letter of offer by Thursday, October 30, 2025, and the tendering period from Tuesday, November 4, 2025, to Monday, November 17, 2025. The last date for payment of consideration to shareholders who tendered their shares is Tuesday, December 2, 2025.