Overview

• JSW will acquire 74.76% of Akzo Nobel India for ₹8,986 crore and launch a mandatory open offer of up to ₹3,929 crore under SEBI rules.
• The ₹13,000-crore transaction is structured with equal parts internal accruals, bank debt and private equity secured by the JSW Group.
• Once CCI approval is granted, JSW plans a reverse merger of the acquired Dulux operations into its listed entity and a corporate rebrand.
• JSW intends to retain Akzo Nobel India’s current management and public listing while capping its total stake at 75%.
• AkzoNobel will exit India’s decorative paints segment to focus on powder coatings and R&D after completing the sale.