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Tycoon Savitri Jindal’s JSW Paints To Buy Akzo Nobel’s India Business In $1.6 Billion Deal
- On June 27, 2025, JSW Paints announced its agreement to purchase a 74.76% ownership interest in Akzo Nobel India for approximately Rs 8,986 crore, including debt.
- This deal follows Akzo Nobel's strategic portfolio review started in October 2024 to focus on core global markets, prompting its exit from India.
- Akzo Nobel India, a 70-year-old unit with brands like Dulux and Sikkens, will join JSW Paints, a firm launched in 2019 under the $23 billion JSW Group.
- Akzo Nobel CEO Greg Poux-Guillaume expressed confidence that the company is now supported by a committed partner with extensive knowledge of the local market and ambitious growth plans.
- The acquisition positions JSW Paints among India’s major paint players amid intensifying competition and broadening demand beyond metro areas.
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JSW strengthens India paints push with US$1.6 billion Akzo Nobel unit deal
BENGALURU: JSW Paints will buy Dutch paint maker Akzo Nobel’s Indian arm for about US$1.6 billion, in what will be the country’s biggest deal yet in the sector as competition intensifies between established players and new entrants. © New Straits Times Press (M) Bhd
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Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
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