News for Akzo Nobel India Limited (AKZOINDIA.BO)

JSW Paints Acquisition: JSW Paints is set to become the fourth-largest player in India's competitive paints market by acquiring Akzo Nobel India in a deal valuing the company at Rs 12,000 crore. JSW will acquire a 74.76% stake, pending regulatory approvals and an open offer to minority shareholders.

India Business News: MUMBAI: JSW Paints will acquire about 75% stake in Dulux-owner Akzo Nobel's India unit for Rs 9,407 crore ($1.1 billion) - marking the country's bigge.

Top gainers, losers today: Shares of Jio Financial, IndusInd, Adani Enterprises, Power Grid and Asian Paints led the gainers of Nifty 50, while Bajja Finance, Dr Reddy’s Laboratories, Grasim Industries, Bajaj Finserv and Eternal were the major laggards.

The move positions JSW as a serious challenger in India’s fast-growing paints market, following Birla Opus’s aggressive expansion

JSW Paints is set to become the fourth-largest player in India's competitive paints market by acquiring Akzo Nobel India in a deal valuing the company at Rs 12,000 crore. JSW will acquire a 74.76% stake, pending regulatory approvals and an open offer to minority shareholders.

JSW Paints to acquire 74.76% stake in Akzo Nobel India for up to ₹8,986 crore, marking a major consolidation move in India’s competitive paints industry.

JSW Paints will acquire Akzo Nobel's India business for Rs 12,000 crore. This deal will make JSW Paints the fourth-largest paint maker in India. JSW will acquire a 75% stake in Akzo Nobel India. The acquisition will trigger an open offer for a 26% stake from minority shareholders. Akzo Nobel India has a 7% market share in India.

India Business News: JSW Paints, under Sajjan Jindal, is nearing the acquisition of Akzo Nobel India, valuing Akzo Nobel NV’s stake at approximately Rs 9,000 crore. This d

JSW Paints is reportedly in exclusive talks to acquire Akzo Nobel India, potentially outbidding a consortium led by Advent International. The deal, offering a slight discount to the market price, could significantly boost JSW Paints' market position, especially in the luxury segment. However, Akzo Nobel India faces sector-wide challenges like shrinking margins and increased competition.

Industrial coatings business works with multiple partners and involves higher technological knowhow. If any of the suitors bid for the entire business, the Dulux maker may demand a valuation of up to $2 billion.

Berger Paints has decided to step aside from the race to acquire Akzo Nobel's India unit due to its high valuation. Abhijit Roy, the managing director, indicated that they would consider the acquisition at a fairer price. The company plans to enhance its distribution network to strengthen its presence and counter competition in the Indian market.

Asian Paints Sales Dip: Asian Paints reported a 23.5 per cent decline in consolidated net profit to Rs 1,128.43 crore for Q3 FY25, citing muted demand and a weak festive season. Revenue from operations fell 6 per cent to Rs 8,549.44 crore. Managing Director & CEO Amit Syngle noted subdued demand, particularly in urban areas, and increased expenses impacting margins.

Major paint companies like Pidilite, JSW Paints, Berger, and Indigo Paints have submitted bids for acquiring Akzo Nobel India. The acquisition is valued at approximately ₹13,107 crore, following Akzo Nobel NV's strategic decision to sell its Indian operations. This move comes amid growing consolidation in the Indian paints industry.

Stocks including Indo Farm Equipment, Bharti Airtel, Power Grid, Coal India, Vakrangee, IndiGo, Zydus Life, Vodafone Idea, NMDC and more will be in the spotlight on Tuesday, January 07.

The race for Akzo Nobel India includes Pidilite Industries, JSW Paints, and Indigo Paints, with a deal valued at $2-2.5 billion. The initial interest from Aditya Birla and Adani Group has shifted, indicating a significant change in the competitive landscape of the paint industry.

Stocks including Zomato, Escorts Kubota, RVNL, Cochin Shipyard, Alembic Pharma, RITES, Auro Pharma, HG Infra, CESC and more will be in the spotlight on Monday, November 26.

Over 40 companies will have their shares trade ex-dividend, with actions such as dividend payouts, bonus issues, amalgamations, and stock splits scheduled for the next five days.

Indian indices, Sensex and Nifty, closed lower on Tuesday, driven by declines in banking, financial, and auto stocks. Sensex fell 821 points and Nifty dropped 258 points. October CPI inflation rose to 6.21%, fueling market concerns for Wednesday.

Indian benchmark indices experienced their worst monthly performance since March 2020 due to record foreign outflows and weak corporate earnings. The NSE Nifty 50 fell by 0.56% and the BSE Sensex dropped by 0.69%, both losing around 6% in October. Analysts anticipate continued volatility, with key support for Nifty at 24,000 and resistance at 24,500.