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Akzo Nobel India Limited ( (IN:AKZOINDIA) ) has issued an announcement.
Akzo Nobel India Limited has completed a significant management change following the acquisition of 60.76% of its shares by JSW Paints Limited. This acquisition marks a major shift in the company’s ownership structure, with the former promoters, Imperial Chemical Industries Limited and Akzo Nobel Coatings International B.V., being reclassified from the ‘promoter and promoter group’ category to the ‘public’ category. This strategic move is expected to impact the company’s market positioning and stakeholder dynamics, as JSW Paints Limited now holds a controlling stake of 61.2% in the company.
More about Akzo Nobel India Limited
Akzo Nobel India Limited operates in the chemical industry, focusing on coatings and paints. It is part of the global Akzo Nobel group, known for its innovative solutions in paints and coatings, serving various sectors including automotive, consumer goods, and construction.
Average Trading Volume: 10,022
Technical Sentiment Signal: Strong Buy
Current Market Cap: 159B INR
Learn more about AKZOINDIA stock on TipRanks’ Stock Analysis page.