JSW Paints to acquire Akzo Nobel India stake for $1.1 billion |...

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JSW Paints to acquire Akzo Nobel India stake for $1.1 billion

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JSW Paints, under Sajjan Jindal, is nearing the acquisition of Akzo Nobel India, valuing Akzo Nobel NV’s stake at approximately Rs 9,000 crore. This deal could position JSW Paints as a major player in both decorative and industrial paints. The acquisition, expected to be finalized soon, will trigger an open offer and is financed through promoter equity and bank loans.

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