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Akzo Nobel India Limited ( (IN:AKZOINDIA) ) has shared an update.
Akzo Nobel India Limited has announced the completion of a significant share acquisition by JSW Paints Limited, which now holds 60.76% of the company’s shares. This acquisition results in JSW Paints being classified as the new promoter of the company, while the previous promoters, Imperial Chemical Industries Limited and Akzo Nobel Coatings International B.V., have stepped down from their roles. This reclassification is in compliance with SEBI regulations and marks a strategic shift in the company’s ownership structure, potentially impacting its future market positioning and operations.
More about Akzo Nobel India Limited
Akzo Nobel India Limited operates in the chemical industry, focusing on coatings and paints. It is a part of the global Akzo Nobel N.V. group, which is known for its expertise in producing sustainable and innovative solutions for various sectors.
Average Trading Volume: 10,022
Technical Sentiment Signal: Strong Buy
Current Market Cap: 159B INR
Find detailed analytics on AKZOINDIA stock on TipRanks’ Stock Analysis page.