JSW Paints acquires AkzoNobel India, becomes 3rd largest decorative paint firm.

• JSW Paints acquired a 60.7% majority stake in AkzoNobel India, becoming its promoter.
• The acquisition makes JSW Paints the third-largest player in the decorative paint segment.
• JSW Paints now holds 61.2% of AkzoNobel India's equity shares after an open offer.
• The deal is valued at Rs 13,000 crore.
• AkzoNobel retained its powder coatings business and international research centre.

Why It Matters: JSW Paints' acquisition of AkzoNobel India makes it a top-three paint market player.