JSW Paints to acquire Akzo Nobel India stake for $1.1 billion

JSW Paints, under Sajjan Jindal, is nearing the acquisition of Akzo Nobel India, valuing Akzo Nobel NV’s stake at approximately Rs 9,000 crore. This deal could position JSW Paints as a major player in both decorative and industrial paints. The acquisition, expected to be finalized soon, will trigger an open offer and is financed through promoter equity and bank loans.