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JSW Paints to acquire 74.76% stake in Akzo Nobel India's paint business for Rs 8,986 crore.

Jun 28, 2025•12 months ago

Contract Type

contract

MumbaiManufacturingEnergyMining

Description

JSW Paints has announced its acquisition of a 74.76% stake in Akzo Nobel India’s paint business for Rs 8,986 crore, with support from Morgan Stanley as the financial advisor. The deal includes an open market offer for an additional 25% stake valued at Rs 3,929.06 crore, marking a significant move in India's fast-growing paint sector.

Company Information

Company

JSW Steel

Location

Mumbai, Maharashtra, India

About

JSW Steel is India’s leading manufacturer of value-added and high-end steels, with a legacy spanning over 35 years of innovation, sustainability, and technological excellence. From a single plant in 1982, the company now operates multiple facilities in Karnataka, Tamil Nadu, and Maharashtra with a total capacity of 29.7 MTPA, which is set to expand to 40 MTPA, alongside international assets including a plate and pipe mill in the US and mining operations in the US, Chile, and Mozambique. JSW Steel integrates sustainability into all aspects of its operations, leverages cutting-edge technology to offer the largest product portfolio in India, and exports to over 100 countries. Nearly 40% of its products are high-value steels, with ambitions to reach 50%, supported by a strong focus on R&D, innovation, and strategic partnerships with global leaders such as JFE Steel, Marubeni Itochu Steel, Praxair, and Severfield Rowen Plc.

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