Akzo Nobel Considers Sale of Powder Coatings Business to Parent Firm
ECONOMY & POLICY

Akzo Nobel Considers Sale of Powder Coatings Business to Parent Firm

Paints and coatings manufacturer Akzo Nobel India Ltd announced that its board has approved exploring the sale of its powder coatings business and R&D operations to an indirect subsidiary of its parent company, Akzo Nobel NV.

Following a request from Akzo Nobel NV (ANNV), the board of Akzo Nobel India Ltd will begin evaluating and taking initial steps towards the potential sale of the powder coatings division and its international research centre to a wholly-owned subsidiary of ANNV, according to a regulatory filing.

Additionally, Akzo Nobel India is considering acquiring decorative paints intellectual properties from ANNV.

"The board has authorised management to begin necessary steps to explore and evaluate these potential transactions," the filing stated. The transactions will be subject to further deliberation by the board in line with applicable laws.

Akzo Nobel India operates in various sectors of the paints and coatings industry, including decorative paints, automotive coatings, industrial coatings, marine, and protective coatings, as well as powder coatings.

Paints and coatings manufacturer Akzo Nobel India Ltd announced that its board has approved exploring the sale of its powder coatings business and R&D operations to an indirect subsidiary of its parent company, Akzo Nobel NV. Following a request from Akzo Nobel NV (ANNV), the board of Akzo Nobel India Ltd will begin evaluating and taking initial steps towards the potential sale of the powder coatings division and its international research centre to a wholly-owned subsidiary of ANNV, according to a regulatory filing. Additionally, Akzo Nobel India is considering acquiring decorative paints intellectual properties from ANNV. The board has authorised management to begin necessary steps to explore and evaluate these potential transactions, the filing stated. The transactions will be subject to further deliberation by the board in line with applicable laws. Akzo Nobel India operates in various sectors of the paints and coatings industry, including decorative paints, automotive coatings, industrial coatings, marine, and protective coatings, as well as powder coatings.

Related Stories

Gold Stories

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Next Story
Technology

ideaForge Q1 FY27 Revenue at Rs 680.6 million; EBITDA Turns Positive

ideaForge Technology Limited reported revenue from operations of Rs 68.6 crore in Q1 FY27, while executing more than 20% of its opening order book for the financial year. The company also reported positive EBITDA during the quarter.ideaForge entered FY27 with an order book of over Rs 300 crore and is targeting delivery of the opening order book by Q3, in line with customer timelines. The company said global supply chain disruptions and component availability continue to pose challenges.During the quarter, ideaForge completed a Rs 500 crore Qualified Institutional Placement (QIP), with particip..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement