ManufacturingPre-market
JSW Paints secures ₹3,300 crore financing for acquisition
pre-market1 source ↓written by the desknot a recommendation
- through non-convertible debentures
- ₹3,300 crores
JSW Paints Limited has entered into a debenture trust deed with Axis Trustee Services to raise ₹3,300 crores through non-convertible debentures (NCDs). This funding will facilitate the acquisition of AkzoNobel India Limited, enhancing JSW's position in the paints sector. The deal marks a significant expansion for JSW Paints.
Not investment advice. For informational purposes only.