Akzo Nobel Coatings divests 24.30% stake in Akzo Nobel India

Akzo Nobel Coatings International B.V., an erstwhile promoter of Akzo Nobel India Limited, has sold 11,066,791 equity shares, representing 24.30% of the paid-up equity share capital of Akzo Nobel India. The off-market transaction, which occurred on December 10, 2025, involved JSW Paints Limited as the acquirer.

Prior to the sale, Akzo Nobel Coatings International B.V. held 24.30% of the total voting capital. Following the transaction, its holding in Akzo Nobel India has reduced to Nil shares, resulting in a 0% stake. The equity share capital of Akzo Nobel India remains unchanged at 45,540,314 shares before and after the acquisition/sale.

The seller, formerly part of Akzo Nobel India's promoter group, has been reclassified as a public shareholder following the transaction, as per Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The shares of Akzo Nobel India Limited are listed on BSE Limited and the National Stock Exchange of India Limited.