Akzo Nobel India jumps on buyout from JSW Paints

JSW Dulux

27/06/2025 05:25

** Shares of paint maker Akzo Nobel India AKZO.NS up 6.1% at 3,376 rupees
       ** JSW Paints buys Akzo Nobel's stake in its Indian unit for $1.05 bln
        ** Deal per-share valued at 2,762.05 rupees, a 13.4% discount to AKZO's last close

 ** JSW Paints launches open offer to acquire remaining stake at 3,417.77 rupees per share
         ** AKZO shares down 6.1% YTD

(Reporting by Sethuraman NR in Bengaluru)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net ))