Akzo Nobel India Limited
Akzo Nobel India is engaged in the Business of Manufacture of paints and varnishes, enamels or lacquers. Its main brand is Dulux paints
What Akzo files
- Others137
- Important30
- Investor Meet23
- Board Meeting16
- Updates15
- Dividend/Bonus7
Akzo Nobel India Limited will change its name to JSW Dulux Limited, with its stock symbol becoming JSWDULUX. This marks a significant corporate identity and brand repositioning for the company.
Akzo Nobel India reports Q3 PAT up 5.9% (excl. exceptional items). JSW Paints acquired a controlling 61.2% stake, becoming the new promoter. The Board approved a name change to JSW Dulux Limited, and strengthened board composition, signaling a strategic shift.
Akzo Nobel India's former promoter, Imperial Chemical Industries, divested 4,097,025 shares for Rs 1,296.09 Cr via an on-market sale. This significant transaction reclassifies them as a public shareholder.
Imperial Chemical Industries (ICIL) sold 40,97,025 Akzo Nobel India shares for Rs. 1296.09 Cr via a block deal. This divestment represents ~9% of total paid-up capital, with ICIL now holding no shares.
JSW Paints has acquired 2,78,71,723 Akzo Nobel India shares, now holding 61.20% and becoming a Promoter. This significant ownership change suggests potential strategic shifts for the company.