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    Home»Investment Tips»Big corporate deal: JSW Paints to acquire AkzoNobel India; deal valued at Rs 8,986 crore
    Investment Tips

    Big corporate deal: JSW Paints to acquire AkzoNobel India; deal valued at Rs 8,986 crore

    BuzzNewsBy BuzzNewsJune 27, 2025No Comments2 Mins Read
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    Big corporate deal: JSW Paints to acquire AkzoNobel India; deal valued at Rs 8,986 crore
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    Big corporate deal: JSW Paints to acquire AkzoNobel India; deal valued at Rs 8,986 crore
    The acquisition requires approval from the Competition Commission of India and completion of a mandatory tender offer to ANIL’s public shareholders. (AI image)

    JSW Paints Limited has signed agreements to acquire a 74.76 per cent ownership in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its associated companies. The acquisition, valued at up to Rs 8,986 crores, is subject to final adjustments under the Share Purchase Agreement.The acquisition requires approval from the Competition Commission of India and completion of a mandatory tender offer to ANIL’s public shareholders.JSW Paints, a subsidiary of the $23 billion JSW Group, stands as India’s most rapidly expanding paints manufacturer, according to an ANI report. The JSW Group has extensive operations across various sectors, including steel, cement, energy infrastructure, automotives and paints.ANIL holds a significant position in India’s decorative and industrial paints sector. It operates as a subsidiary of Akzo Nobel, a Netherlands-based international corporation specialising in decorative paints and industrial coatings.Parth Jindal, Managing Director, JSW Paints, said, “Paints & Coatings is one of India’s fastest growing sectors and JSW Paints is amongst the fastest growing paint companies. Akzo Nobel India is home to some of the most globally renowned brands of paints & coatings like Dulux, International and Sikkens.”He continued, “We are delighted to incorporate them into the JSW family. In collaboration with the Akzo Nobel India team – including staff, clients and associates – we aim to establish the next generation paint organisation.”Greg Poux-Guillaume, CEO of AkzoNobel, said: “This transaction is a significant milestone in the execution of our strategy. AkzoNobel India has been a consistently strong performer, and we are proud of the brand and talent that have made it a success. With JSW, we are confident the business is in the hands of a long-term partner with deep local expertise and strong ambitions in the sector.”The transaction received professional support from Morgan Stanley as the exclusive financial advisor to JSW Paints. Khaitan & Co. provided legal advisory services, whilst Deloitte conducted financial and tax due diligence.

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