Asian Paints Exits Akzo Nobel India with Rs 734 Crore Bulk Deal

ints Limited divested its entire 4.42% stake in Akzo Nobel India Limited, a BSE 500 company, for approximately Rs 734 crore. The transaction involved the sale of 20,10,626 equity shares at Rs 3,651 per share through a bulk deal, marking Asian Paints' complete exit from its investment in Akzo Nobel India. This move follows JSW Paints' June 2025 announcement to acquire a 74.76% controlling stake in Akzo Nobel India for Rs 8,986 crore from its Dutch promoters. The Indian paints market, valued at Rs 90,000 crore, remains highly competitive with players like Asian Paints, Birla Opus, Berger Paints, Kansai Nerolac, and Indigo Paints, further intensified by new entrants like Birla Opus since February 2024. Asian Paints' share price closed at Rs 2,498.75 on July 9, up 0.57% from Rs 2,484.60.