Big corporate deal: JSW Paints to acquire AkzoNobel India; deal valued at Rs 8,986 crore

JSW Paints will acquire a 74.76% stake in Akzo Nobel India (ANIL) from Akzo Nobel NV for up to Rs 8,986 crores. The deal, pending regulatory approval and a tender offer, brings brands like Dulux into the JSW fold. JSW aims to build the next-generation paint company, leveraging ANIL’s strong market position.