CCI Approves JSW Paints’ Stake Acquisition in Akzo Nobel India
Paint

CCI Approves JSW Paints’ Stake Acquisition in Akzo Nobel India

The Competition Commission of India (CCI) has approved the acquisition of up to 75 per cent shareholding in Akzo Nobel India Limited (the Target) by JSW Paints Limited (the Acquirer).
The proposed transaction involves the acquisition through a share purchase agreement and a mandatory open offer, collectively referred to as the Proposed Combination.
JSW Paints is a public unlisted company engaged in the manufacture and sale of decorative paints and industrial coatings in India. It is part of the JSW Group, which operates across sectors including steel, energy, infrastructure, cement, paints, realty, and sports.
Akzo Nobel India is a publicly listed company that also manufactures and sells decorative paints and industrial coatings in India and is part of the global Akzo Nobel Group.
A detailed order from the Commission will be issued in due course.

Image source:https://scanx.trade/

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Competition Commission of India (CCI) has approved the acquisition of up to 75 per cent shareholding in Akzo Nobel India Limited (the Target) by JSW Paints Limited (the Acquirer).The proposed transaction involves the acquisition through a share purchase agreement and a mandatory open offer, collectively referred to as the Proposed Combination.JSW Paints is a public unlisted company engaged in the manufacture and sale of decorative paints and industrial coatings in India. It is part of the JSW Group, which operates across sectors including steel, energy, infrastructure, cement, paints, realty, and sports.Akzo Nobel India is a publicly listed company that also manufactures and sells decorative paints and industrial coatings in India and is part of the global Akzo Nobel Group.A detailed order from the Commission will be issued in due course.Image source:https://scanx.trade/

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement