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JSW Paints seeks to buy Akzo Nobel's Indian unit for ₹12,915 crore, aiming to become India's fourth-largest paint company.
JSW Paints, part of the JSW Group, is seeking approval from India's Competition Commission for a deal to acquire a majority stake in Akzo Nobel's Indian unit for about ₹12,915 crore.
The acquisition, including an open offer for additional shares, aims to expand JSW's presence in the paint sector, positioning it as India's fourth-largest paint company.
Akzo Nobel India is known for brands like Dulux and Sikkens.
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JSW Paints busca comprar la unidad india de Akzo Nobel por ₹ 12,915 crores, con el objetivo de convertirse en la cuarta compañía de pintura más grande de India.