Acquisition History / JSW Paints / Akzo Nobel India
JSW Paints Acquires Akzo Nobel India
Announced June 27, 2025 — $1.02B
What happened
JSW Paints agreed to acquire a 74.76% controlling stake in listed Akzo Nobel India, the maker of Dulux paints, from Imperial Chemical Industries and Akzo Nobel Coatings International BV for Rs 8,986 crore. The purchase is followed by a mandatory open offer to public shareholders and moves JSW Paints into the top tier of the Indian decorative-paints market.
- Acquirer
- JSW Paints
- Target
- Akzo Nobel India
- Announced
- June 27, 2025
- Price
- $1.02B
- Industry
- Paints and coatings
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did JSW Paints acquire Akzo Nobel India?
JSW Paints acquired Akzo Nobel India on June 27, 2025. This was JSW Paints's 1st publicly tracked acquisition out of 1 we have on record.
How much did JSW Paints pay for Akzo Nobel India?
JSW Paints paid $1.02B for Akzo Nobel India.
What does Akzo Nobel India do?
JSW Paints agreed to acquire a 74.76% controlling stake in listed Akzo Nobel India, the maker of Dulux paints, from Imperial Chemical Industries and Akzo Nobel Coatings International BV for Rs 8,986 crore. The purchase is followed by a mandatory open offer to public shareholders and moves JSW Paints into the top tier of the Indian decorative-paints market.
What other Paints and coatings companies has JSW Paints acquired?
Akzo Nobel India is JSW Paints's only publicly tracked acquisition in Paints and coatings so far.