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


Updated: July 09, 2025 17:41

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.

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