India antitrust watchdog clears JSW Paints' bid for up to 75% stake in Akzo Nobel India
16/09/2025 14:10
Sept 16 (Reuters) - India's antitrust body on Tuesday said it has cleared JSW Paints' plan to acquire up to 75% stake in Dutch paint maker Akzo Nobel's AKZO.AS Indian unit. The deal comes as challenges for Indian paint makers mount, including volatile raw material costs and heightened competition, with billionaire Kumar Mangalam Birla's entry into the sector last year eating into Asian Paints' market share. (Reporting by Yagnoseni Das in Bengaluru; Editing by Shailesh Kuber) ((Yagnoseni.Das@thomsonreuters.com;))
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