JSW Paints to acquire 74.76% stake in Akzo Nobel India for ₹9,000 crore

 JSW Paints, part of the JSW Group, aims to significantly scale its presence in the premium decorative and industrial paints market through this acquisition. 
| Photo Credit:
Phil Noble

JSW Paints Ltd on Friday announced the acquisition of a majority stake in Akzo Nobel India for about Rs 9,000 crore.

“JSW Paints Limited today entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited from Akzo Nobel N.V. and its affiliates, for a maximum consideration under the share purchase agreement of up to Rs 8,986 crore, subject to certain closing adjustments,” the company said in a statement.

Published on June 27, 2025