JSW Paints acquires majority stake in Akzo Nobel India
after close1 source ↓written by the desknot a recommendation
- stake in Akzo
- 61.2%
- shares from Akzo
- 60.76%
JSW Paints has completed the acquisition of 61.2% stake in Akzo Nobel India by purchasing 60.76% shares from Akzo Nobel NV and affiliates. This acquisition enhances JSW Paints' position in the Indian paints market, which is poised for growth. The move reflects JSW Group's strategic expansion in the paints sector.
• Majority stake acquired
• Strengthens market position
• Part of USD 23 billion JSW Group
Not investment advice. For informational purposes only.