JSW acquires majority stake in Akzo Nobel India for about Rs 9,000 crore

By Admin

27 Jun, 2025

A Strategic Move in India’s Paint Industry

In a major development in India’s paints and coatings sector, JSW Paints Ltd has announced a significant acquisition move by entering into definitive agreements to acquire a majority stake in Akzo Nobel India Limited. The deal, valued at approximately ₹9,000 crore, marks one of the largest transactions in the Indian paints industry to date.

Details of the Acquisition

On Friday, JSW Paints revealed that it has agreed to purchase up to 74.76% of the stake in Akzo Nobel India Ltd, currently held by Akzo Nobel N.V. and its affiliates. The transaction is being executed under a share purchase agreement, with a maximum consideration of ₹8,986 crore, subject to customary closing adjustments.

This strategic acquisition will enable JSW Paints to significantly expand its presence and capabilities in the Indian market, combining Akzo Nobel’s brand equity and established operations with JSW’s aggressive growth vision.

JSW’s Bold Vision for Market Leadership

Founded by the JSW Group, JSW Paints has been making steady inroads into the Indian decorative and industrial paints space. With this acquisition, JSW Paints aims to leap forward in scale and reach, accelerating its ambition to become a dominant player in the industry. The acquisition of Akzo Nobel India not only adds value through product diversity and distribution strength but also enhances technological and operational expertise.

What It Means for the Industry

This deal signifies the growing consolidation trend in the Indian paints market, where established domestic players are looking to gain ground against multinationals by acquiring established brands and operations. With Akzo Nobel India being a renowned player with a strong legacy (operating under the Dulux brand), this acquisition may redefine competitive dynamics in the sector.

Conclusion

The ₹9,000 crore deal between JSW Paints and Akzo Nobel India is more than just a corporate transaction it's a bold step toward reshaping the future of the Indian paints industry. As the agreement moves through regulatory and closing stages, the market will be keenly watching how JSW integrates this major acquisition and scales its footprint across the country.