Imperial Chemical Industries sells entire stake in Akzo Nobel India

Imperial Chemical Industries Limited (ICIL), a former promoter of Akzo Nobel India Limited, sold 4,097,025 equity shares of Akzo Nobel India on December 17, 2025, through a block deal on the National Stock Exchange of India Limited. The transaction, valued at approximately INR 1296.09 crore, represents about 9% of the total paid-up capital of Akzo Nobel India.

Following this significant block deal, ICIL no longer holds any equity shares in Akzo Nobel India, thereby ceasing to be a shareholder. The sale was executed on an open market platform, with buyers being the public at large, and it was not considered a related party transaction.

The disclosure fulfills the requirements of Regulation 30 read with Schedule III of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, along with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.