ASIANPAINT

sells entire 4.42% stake in Akzo Nobel India for Rs 734 cr

Limited divested its entire 4.42% stake in Akzo Nobel India Limited on Wednesday, selling 20,10,626 equity shares at Rs 3,651 per share. The bulk deal amounted to approximately Rs 734 crore, marking Asian Paints' complete exit from its investment in Akzo Nobel India. This sale occurs amidst increased activity in the paints sector.