JSW Paints inks agreements to acquire up to 74.76% stake in Akzo Nobel India
The definitive agreements are to acquire up to 74.76 per cent stake in Akzo Nobel India from Akzo Nobel N.V. and its affiliates
JSW Paints has entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India from Akzo Nobel N.V. and its affiliates, for a maximum consideration under the share purchase agreement of up to Rs 8,986 crore, subject to certain closing adjustments.
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.
