Akzo Nobel India Ltd.AKZOINDIA₹3,440.20 +7.87%

JSW Paints has signed a deal to acquire the majority stake in Akzo Nobel India Ltd., currently held by its global promoters, Imperial Chemical Industries Ltd, and Akzo Nobel Coatings International B.V.. The agreement, signed on June 27, 2025, signals a potential change in ownership for one of India’s leading paint companies.

To ensure stability during the transition, Akzo Nobel India has also signed a standstill undertaking with JSW Paints. This means the company cannot make major changes, like altering its capital structure, approving large transactions, or launching new legal proceedings, without JSW Paints’ consent until the deal is closed. The goal is to prevent any unexpected shifts in the company’s operations during the acquisition period.

If completed, the transaction would mark a significant expansion for JSW Paints and could reshape competition in India’s fast-growing decorative and industrial coatings market.

Post the announcement, Akzo Nobel India shares surged up to 10%, reaching an intraday high of ₹3,540.00 apiece. 

Let’s take a look at Akzo Nobel’s Factor Analysis scores:

Note: The stock price mentioned is as of 2:20 PM.

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