JSW Paints Limited (JSW Paints) acquired a majority stake of 60.76% in Akzo Nobel India Limited (ANIL) from Akzo Nobel N.V. and its affiliates. JSW Paints had already acquired 0.44% stake from the public shareholders of ANIL upon successful completion of an open offer and its stake now stands at 61.2% post today’s acquisition.

JSW Paints is India’s fastest growing paints company and a part of the US$ 23 billion JSW Group, India’s leading conglomerate with diverse interests across a range of B2B and B2C sectors including steel, cement, energy, infrastructure, automotive and paints.

ANIL is one of India’s leading decorative and industrial paints players and was a part of Akzo Nobel, a global leader in decorative paints and industrial coatings headquartered in the Netherlands.

Sajjan Jinda

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