JSW set to acquire AkzoNobel India in a $1.1 billion deal
- irl
- Jun 4
- 1 min read
Updated: Jun 5
JSW Paints is set to acquire Akzo Nobel India, valuing the Dutch parent Akzo Nobel NV’s 74.76% stake at approximately ₹9,000 crore ($1.1 billion), according to sources familiar with the matter. The acquisition implies a total valuation of ₹12,000–12,200 crore for the Indian subsidiary—representing a 25% discount to its current market price, the sources added.
Source: The Economic Times

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