Akzo Nobel India Cracks Over 15% on Block Deal Buzz

stock witnessed a sharp sell-off on 17 December 2025, plunging over 15% intraday, as market participants reacted to reports of a major promoter stake sale. According to CNBC-TV18 sources, promoter Imperial Chemical Industries is likely to divest up to 9% stake via a block deal. The total deal size is estimated at around ₹1,290.6 crore, with a floor price fixed at ₹3,150 per share. The news triggered heavy volumes and aggressive selling, dragging the stock sharply lower. Such promoter stake sales often create short-term supply pressure, impacting sentiment despite the company’s strong brand presence and fundamentals. The stock may remain volatile until clarity emerges on deal completion and demand appetite from institutional investors. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. AI may have been used for grammatical and sentence-structure refinement. Please consult a SEBI-registered advisor before making any investment decisions.