JSW Paints to acquire a 74.76% stake in Akzo Nobel India from Akzo Nobel in a €1.4 bn deal.

JSW Paints, part of Sajjan Jindal’s JSW Group, agreed to acquire a 74.76% stake in Akzo Nobel India, a decorative and industrial paints company, from Akzo Nobel, a paints and coatings leader, in a €1.4 bn deal. “This transaction is a significant milestone in the execution of our strategy. AkzoNobel India has been a consistently strong performer, and we are proud of the brand and talent that have made it a success. With JSW, we are confident the business is in the hands of a long-term partner with deep local expertise and strong ambitions in the sector," Greg Poux-Guillaume, AkzoNobel CEO.