Prudential’s Palette Expands: 700K Shares of Akzo Acquired

Image Source: The Bridge Chronicle

Prudential Mutual Fund has completed a huge block deal, buying 700,000 shares of Akzo Nobel India Ltd, exchange data available on July 9, 2025, indicates. The deal indicates institutional faith in the Dulux paint producer as it continues to experience strategic change.

Key Points:

Transaction Summary:

The bulk buying was done on the National Stock Exchange, indicating strong institutional demand for Akzo Nobel India.

The deal adds Prudential's equity exposure in the consumer durables industry, namely paints and coatings.

Market Response:

Akzo Nobel India shares rose nearly 7 percent intra-day, reaching Rs 3728 before closing in excess of 6 percent higher at Rs 3632.70.

The company's market capitalization stands at around Rs 16,543 crore.

Strategic Context:

The news comes amid reports of Akzo Nobel's potential sale of its share in its Indian arm, with Berger Paints reportedly mulling takeover bids.

Prudential's investment would be a strategic move before any corporate restructuring.

Sources: BSE Exchange Data, ET Now, EquityPandit, Moneycontrol.