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JSW Paints to buy Akzo Nobel India in ₹9k-cr deal
Hindustan Times Rajasthan
|June 28, 2025
The move positions JSW Paints as a serious contender in India's paint market
NEW DELHI: JSW Paints said Friday it will acquire a 74.76% stake in Akzo Nobel India Ltd from its Dutch parent Akzo Nobel N.V. and its affiliate, in a deal valued at nearly ₹9,000 crore. The acquisition, subject to regulatory approvals and a mandatory open offer to minority shareholders, will bring established brands like Dulux and Sikkens under the JSW umbrella.
The transaction marks a significant consolidation in India's paints market, historically dominated by a handful of players. With this deal, JSW Paints is positioning itself as a serious contender behind Asian Paints and the recently aggressive Birla Opus, which has quickly scaled up to become the second-largest by capacity.
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