Akzo Nobel India Ltd (ANIL) has entered into Intellectual Property License Amendment (IPLA) and Corporate Brand License Agreements (CBLA) with Akzo Nobel N.V., enabling ANIL to use key intellectual property on royalty basis and corporate branding royalty-free during a crucial transitional period ahead of ownership changes.
Akzo Nobel India Limited (ANIL) has formalized critical licensing agreements with its ultimate parent company Akzo Nobel N.V. These include the IPLA, granting ANIL rights to utilize certain intellectual property including patents, copyrights, trademarks, and know-how related to performance coatings on a royalty-bearing basis.
Simultaneously, the CBLA permits ANIL to continue using the "Akzo Nobel" corporate brand royalty-free in India and neighboring markets for a transitional period of 15 months post the completion of the proposed JSW Group acquisition. This ensures smooth business continuity while ANIL phases out old brand usage as per the agreement terms.
The IPLA allows sub-licensing of IP to affiliates and third parties within agreed limits, while CBLA enforces brand compliance and quality standards with an eventual phase-out planned.
This strategic move supports ANIL’s continued operations across India, Bangladesh, Nepal, Bhutan, and Sri Lanka during the ownership transition, reaffirming commitment to operational stability and market presence.
Key Highlights
ANIL enters IPLA with Akzo Nobel N.V. for royalty-bearing use of IP in performance coatings.
CBLA grants ANIL royalty-free use of Akzo Nobel corporate brand for 15 months post-sale completion.
Agreements cover India, Bangladesh, Nepal, Bhutan, and Sri Lanka to ensure regional business continuity.
IPLA permits sublicensing of IP, strengthening collaborative growth opportunities.
CBLA includes compliance norms, quality standards, and a phase-out roadmap for brand usage.
Agreements facilitate transition in connection with JSW Group’s acquisition of ANIL stake.
No change in ANIL management or control till sale finalization; licenses support operational stability.
Sources: NSE India Stock Exchange disclosures, Akzo Nobel corporate announcements