Asian Paints Offloads Akzo Nobel Stake in Rs 734 Crore Bulk Deal

Image Source: PA Wealth

Asian Paints Ltd has exited its investment in Akzo Nobel India Ltd by selling its entire 4.42% stake through a bulk deal valued at Rs 734 crore on July 9, 2025.

Transaction Highlights:

The company sold 20,10,626 equity shares at Rs 3,651 apiece via stock exchange bulk deal.
Akzo Nobel India shares closed 1.6% lower at Rs 3,627 following the transaction.

Strategic Context:

The divestment comes amid heightened activity in the paints sector, following JSW Paints’ Rs 8,986 crore acquisition of a 74.76% stake in Akzo Nobel India from its Dutch promoters.
Asian Paints’ exit is seen as a strategic portfolio realignment, possibly to focus on core operations amid rising competition.

Market Impact:

The deal triggered moderate movement in Akzo Nobel’s stock, which remains above JSW’s open offer price of Rs 3,417.77.
Analysts expect continued consolidation in the decorative paints segment.

Sources: Moneycontrol, CNBC TV18, NDTV Profit.