Imperial Chemical Industries sells 36.46% stake in Akzo Nobel India to JSW Paints

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Moneycontrol•12-12-2025, 12:14
Imperial Chemical Industries sells 36.46% stake in Akzo Nobel India to JSW Paints
- •Imperial Chemical Industries (ICI) sold a 36.46% stake in Akzo Nobel India Limited.
- •JSW Paints Limited acquired 1,66,03,504 equity shares from ICI.
- •The off-market transaction occurred on December 10, 2025.
- •ICI's shareholding in Akzo Nobel India decreased from 45.46% to 9% post-sale.
- •The disclosure was made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Why It Matters: Imperial Chemical Industries' stake sale could affect Akzo Nobel India Limited shareholders.
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