JSW Paints to Acquire Majority Stake in Akzo Nobel India

02 Jul 2025 CW Team

The deal is contingent on approval from the Competition Commission of India and the successful completion of a mandatory open offer to ANIL’s public shareholders.

Part of the US$ 23 billion JSW Group, JSW Paints is among the fastest-growing players in India's paint industry. ANIL, a key player in decorative and industrial paints, brings brands like Dulux, International and Sikkens under its portfolio and operates as part of Akzo Nobel, a global leader headquartered in the Netherlands.

This acquisition strengthens JSW Paints’ position in a sector expected to witness robust growth.

Parth Jindal, Managing Director, JSW Paints, said, “Paints & Coatings is one of India’s fastest growing sectors and JSW Paints is amongst the fastest growing paint companies. Akzo Nobel India is home to some of the most globally renowned brands of paints & coatings like Dulux, International and Sikkens. We are excited to welcome them to the JSW family. Together, along with the Akzo Nobel India family – employees, customers and partners – we aspire to build the paint company of the future. With the Magic of Dulux and Thoughtfulness of JSW Paints, we look forward to delighting customers and building lasting value for our stakeholders.”

The total consideration includes a potential contingent payout of up to Rs 4.47 billion.

Greg Poux-Guillaume, CEO of AkzoNobel, added, “This transaction is a significant milestone in the execution of our strategy. AkzoNobel India has been a consistently strong performer, and we are proud of the brand and talent that have made it a success. With JSW, we are confident the business is in the hands of a long-term partner with deep local expertise and strong ambitions in the sector.”

Morgan Stanley acted as exclusive financial advisor to JSW Paints. Khaitan & Co. was the legal advisor and Deloitte provided financial and tax due diligence support.

JSW Paints has signed definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel N.V. and its affiliates. The proposed transaction is valued at up to Rs 89.86 billion, subject to closing adjustments. The deal is contingent on approval from the Competition Commission of India and the successful completion of a mandatory open offer to ANIL’s public shareholders. Part of the US$ 23 billion JSW Group, JSW Paints is among the fastest-growing players in India's paint industry. ANIL, a key player in decorative and industrial paints, brings brands like Dulux, International and Sikkens under its portfolio and operates as part of Akzo Nobel, a global leader headquartered in the Netherlands. This acquisition strengthens JSW Paints’ position in a sector expected to witness robust growth. Parth Jindal, Managing Director, JSW Paints, said, “Paints & Coatings is one of India’s fastest growing sectors and JSW Paints is amongst the fastest growing paint companies. Akzo Nobel India is home to some of the most globally renowned brands of paints & coatings like Dulux, International and Sikkens. We are excited to welcome them to the JSW family. Together, along with the Akzo Nobel India family – employees, customers and partners – we aspire to build the paint company of the future. With the Magic of Dulux and Thoughtfulness of JSW Paints, we look forward to delighting customers and building lasting value for our stakeholders.” The total consideration includes a potential contingent payout of up to Rs 4.47 billion. Greg Poux-Guillaume, CEO of AkzoNobel, added, “This transaction is a significant milestone in the execution of our strategy. AkzoNobel India has been a consistently strong performer, and we are proud of the brand and talent that have made it a success. With JSW, we are confident the business is in the hands of a long-term partner with deep local expertise and strong ambitions in the sector.” Morgan Stanley acted as exclusive financial advisor to JSW Paints. Khaitan & Co. was the legal advisor and Deloitte provided financial and tax due diligence support.

Infrastructure Urban

30 May 2026

Dreamfly Named Among 100 Desi Deeptechs

Dreamfly Innovations has been recognised among the ‘100 Desi Deeptechs’, an initiative by Startup Policy Forum in collaboration with MeitY Startup Hub, Startup India and Indian Institute of Technology Madras. The initiative highlights founders and companies building core technologies critical to India’s long-term growth and self-reliance.The cohort includes startups working across drones and aerospace, defence technology, cleantech, robotics, semiconductors, advanced manufacturing and electric mobility. It aims to bring deeptech founders and policymakers together to strengthen India’s ..

Infrastructure Urban

30 May 2026

Vedanta Secures AA+ Rating from ICRA

Vedanta Group has received its highest domestic credit rating in over a decade after ICRA upgraded the long-term ratings of Vedanta Limited and Vedanta Aluminium Metal Limited to AA+ with a Stable outlook. Talwandi Sabo Power Limited was also upgraded to AA-/Stable from A+/Watch Developing, while the group’s short-term rating was reaffirmed at A1+.The rating action marks Vedanta’s highest domestic credit rating since 2014. Vedanta Limited and Vedanta Aluminium Metal Limited, two of the largest entities emerging from the demerger, together account for over 75 per cent of the group’s long-..

Infrastructure Urban

30 May 2026

Netrasemi Launches Edge AI Chip A2000

Fabless semiconductor startup Netrasemi has launched its flagship Edge AI system-on-chip, A2000, after achieving successful silicon bring-up. Fabricated at TSMC’s 12 nm technology node, the chip is designed for on-device AI, smart vision, real-time video analytics and secure edge computing.A2000 features Netrasemi’s in-house Neural Processing Unit, Vision Processing Unit, Image Signal Processor, crypto engines and other hardware acceleration IP cores. It also uses the company’s patented heterogeneous graph-stream parallel processing architecture.The chip targets applications such as smar..