JSW Paints will acquire Akzo Nobel’s India business for Rs 12,000 crore. This deal will make JSW Paints the fourth-largest paint maker in India. JSW will acquire a 75% stake in Akzo Nobel India. The acquisition will trigger an open offer for a 26% stake from minority shareholders. Akzo Nobel India has a 7% market share in India.
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JSW Paints to buy Akzo Nobel India for Rs 9000 cr, announcement today
