JSW Paints acquires majority stake in AkzoNobel India
pre-market1 source ↓written by the desknot a recommendation
- stake in AkzoNobel
- 60.7%
- equity shares
- 27,871,723
- of the paid-up
- 61.2%
JSW Paints has completed the acquisition of 60.7% stake in AkzoNobel India, becoming the promoter of the company. This move positions JSW Paints as the third-largest player in the decorative paint segment. Following the acquisition, JSW Paints now holds 27,871,723 equity shares, representing 61.2% of the paid-up equity share capital.
Not investment advice. For informational purposes only.