Market Performance
Akzo Nobel India shares experienced a sharp 10% rally after a significant announcement shook the markets on June 27, 2025.
- Current Trading Price: ₹3,316
- Day's Movement: Recovered early losses and surged 10% intraday
- 52-Week High: ₹4,674
- Current Decline from 52-Week High: 32%
The stock's momentum was triggered by a high-profile deal involving a massive stake transfer to JSW Paints.
Main News: Promoters Sell Entire Stake to JSW Paints
Akzo Nobel India's promoters have entered into a definitive share purchase agreement with JSW Paints to offload their entire holding in the company.
Key Deal Highlights:
- Total Stake Sold: 74.76%
- Buyer: JSW Paints
- Per Share Sale Price: ₹2,762.05
- Total Transaction Value: ₹9,400 Crore
- Immediate Payment: ₹8,986 Crore
- Contingent Consideration: ₹447 Crore (subject to future terms)
The transaction price represents a 16% discount to Akzo Nobel's closing price on Thursday, June 26.
Company Details
Akzo Nobel India operates under its global parent through entities like Imperial Chemicals and Akzo Nobel Coating International. With this deal, promoters will exit completely from the Indian unit, transferring complete control to JSW Paints.
The acquiring company has also announced an Open Offer at ₹3,417.77 per share — a premium to the market price, which has created buzz among investors and retail shareholders.
Share Price Reaction
The stock initially opened weak but quickly rebounded, reflecting market optimism surrounding the acquisition.
- Intraday Surge: +10%
- Opening Dip: Recovered within hours
- Current Market Sentiment: Strong buying interest
Summary of the Article
The Akzo Nobel share price surged 10% after news broke of the promoters selling their entire 74.76% stake to JSW Paints for ₹9,400 Crore. The per-share deal price is ₹2,762.05, and JSW has announced an Open Offer at ₹3,417.77. The news confirms earlier reports of a significant acquisition plan.
This high-value deal marks a significant shift in the Indian paints industry, triggering strong market reactions and altering competitive dynamics.
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