In a significant secondary market transaction, top global financial institutions acquired a combined 5% stake in Akzo Nobel India for nearly ₹765 crore. According to NSE data, 22.77 lakh shares were purchased at an average price of ₹3,358.80 per share.
Participants in the block deal included Goldman Sachs, Morgan Stanley, Citigroup Global Markets Mauritius, Nippon India Mutual Fund, Edelweiss Life Insurance, Ward Ferry Management, Societe Generale, Mediolanum International Funds, and BNP Paribas Financial Markets.
The entry of these marquee investors underscores strong institutional confidence in Akzo Nobel India, especially during a period of restructuring in the paints sector.
The shares were sold by Imperial Chemical Industries (ICI), one of Akzo Nobel India’s key promoters. Post-transaction, ICI’s holding fell from 50.46% to 45.46%. Consequently, overall promoter shareholding reduced from 74.76% to 69.76%.
This move aligns with the broader corporate realignment taking place as JSW Paints pursues its ₹12,915 crore acquisition of a majority stake in Akzo Nobel India. The dilution is expected to expand the company’s institutional ownership and enhance liquidity.
Headquartered in Gurugram, Akzo Nobel India operates in the paints and coatings industry as a subsidiary of Amsterdam-based Akzo Nobel N.V. It markets well-known brands such as Dulux Paints while offering industrial coatings and speciality chemicals.
The company has maintained a strong presence in the Indian paints market by leveraging both global expertise and local operations. The recent stake purchase by global funds highlights continued optimism around its growth trajectory and synergies from upcoming sectoral changes.
On September 25, 2025, Akzo Nobel India share price opened at ₹3,410.00, compared to the previous close of ₹3,390.10. During the session, the stock touched a high of ₹3,410.00 and a low of ₹3,373.30. At 1:09 PM IST, it was trading at ₹3,387.10, down by 0.09%.
The stock recorded a traded volume of 0.27 lakh shares and a traded value of ₹9.19 crore on the NSE. The market capitalisation stood at ₹15,424.96 crore. Over the past 52 weeks, Akzo Nobel India Limited has hit a high of ₹4,674.00 and a low of ₹3,022.00. The stock is currently trading at a P/E ratio of 38.04.
Read More: Asian Paints Acquires Full Ownership of White Teak
The block deal involving global funds and the parallel promoter stake dilution mark a significant development for Akzo Nobel India. With JSW Paints’ acquisition in progress, the company is poised for a strategic reshaping of its ownership base, stronger institutional backing, and potential for long-term growth in the paints sector.
Published on: Sep 25, 2025, 1:17 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
