JSW Paints has entered into definitive agreements to acquire up to 74.76 percent stake in Akzo Nobel India (ANIL) from Akzo Nobel N.V. and its affiliates for a maximum consideration of up to Rs. 8,986 crore, subject to closing adjustments. The proposed transaction will be subject to approval from the Competition Commission of India and the successful completion of a mandatory Open Offer to ANIL’s public shareholders.

JSW Paints, the fastest-growing paint company in India, is part of the US$23 billion JSW Group—a diversified conglomerate with interests spanning steel, energy, cement, infrastructure, automotive, and paints. Akzo Nobel India is one of India’s prominent players in decorative and industrial paints and part of Akzo Nobel, the Netherlands-headquartered global leader in coatings.

By adding trusted brands like Dulux and Sikkens to its portfolio, JSW Paints significantly enhances its market presence and product offerings. The deal underscores JSW’s strategic intent to become a formidable force in the Indian coatings industry.