CCI approves JSW Paints' acquisition of up to 75% in Akzo Nobel India
The Competition Commission of India approved on 16 September 2025 the acquisition of up to 75% shareholding in Akzo Nobel India Limited by JSW Paints Limited.
Summary
The Competition Commission of India (CCI) approved on 16 September 2025 the acquisition of up to 75% shareholding in Akzo Nobel India Limited by JSW Paints Limited. The transaction is through a share purchase agreement and a mandatory open offer. JSW Paints, part of the JSW Group, makes decorative paints and industrial coatings. Akzo Nobel India, a listed company in the same business, is part of the Akzo Nobel Group.
Key facts
- Regulator
- Competition Commission of India, 16 Sep 2025
- Acquirer
- JSW Paints Limited (JSW Group)
- Target
- Akzo Nobel India Limited (up to 75%)
- Route
- Share purchase agreement + mandatory open offer
Practice MCQs 1 questions
Which company received CCI approval in September 2025 to acquire up to 75% shareholding in Akzo Nobel India Limited?
Show answer
Correct answer: A — JSW Paints Limited
The CCI approved the acquisition of up to 75% shareholding in Akzo Nobel India Limited by JSW Paints Limited.