JSW Paints completes 60.76% share acquisition of Akzo Nobel India

Akzo Nobel India Limited has announced the completion of the acquisition of 60.76% of its shares by JSW Paints Limited. This follows earlier intimations on June 27, 2025, regarding the share purchase agreement between Imperial Chemical Industries Limited, Akzo Nobel Coatings International B.V., and JSW Paints Limited, and the completion of the open offer in November 2025. Following the acquisition, JSW Paints now holds 27,871,723 equity shares, representing 61.2% of Akzo Nobel India's paid-up equity share capital.

As a direct consequence of the acquisition, the promoters and Akzo Nobel N.V. have ceased to be part of the promoter group. JSW Paints Limited is now classified as the new promoter of Akzo Nobel India. This reclassification adheres to Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company further confirmed its compliance with Regulations 31A(3)(b), 31A(3)(c)(ii), and 31A(3)(c)(iii) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the reclassification of its promoters. This information, along with the details of the acquisition, has been uploaded to the company's website.