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JSW Paints launches open offer to acquire additional 25.24% stake in Akzo Nobel India

14 Jul 2025 Evaluate

JSW Paints has launched an open offer to acquire an additional 25.24% stake in Akzo Nobel India following its deal for acquisition of a 74.76% stake in the Dulux paint-maker for Rs 8,986 crore struck last month. The date of commencement of the tendering period is August 20, 2025 and date of closure of the tendering period is September 3, 2025. 

Akzo Nobel India is engaged in the business of manufacturing, trading and selling of paints and related products. The Company also provides research and development services to the holding company and its group companies.

Peers
Company Name CMP
Asian Paints 2548.00
Berger Paints India 475.70
Kansai Nerolac Paint 201.00
JSW Dulux 290.15
Indigo Paints 963.45
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