**Summary:**
The Competition Commission of India (CCI) has approved the acquisition of up to 75% shareholding in Akzo Nobel India Limited (Target) by JSW Paints Limited (Acquirer). The proposed transaction involves a share purchase agreement and a mandatory open offer. JSW Paints Limited, an unlisted public company engaged in the manufacture and sale of decorative paints and industrial coatings in India and part of the JSW Group, will acquire the shares. Akzo Nobel India Limited, a public listed company also engaged in the manufacture and sale of decorative paints and industrial coatings in India, forms part of the Akzo Nobel Group. The approval was posted on September 16, 2025, by PIB Delhi. A detailed order from the Commission will follow.
Key Entities Referenced
Competition Commission of India: The regulatory body that approved the acquisition.
Akzo Nobel India Limited: The target company in the acquisition, engaged in the manufacture and sale of decorative paints and industrial coatings in India.
JSW Paints Limited: The acquirer company, engaged in the manufacture and sale of decorative paints and industrial coatings in India.
JSW Group: The group to which the acquirer (JSW Paints Limited) belongs, with presence in various sectors.
India: The country where both the Acquirer and Target operate.
share purchase agreement: One of the methods through which the acquisition will occur.
mandatory open offer: One of the methods through which the acquisition will occur.
Akzo Nobel Group: The group to which the target (Akzo Nobel India Limited) belongs.
Competition Commission of India
CCI approves the acquisition of up to 75%
shareholding in Akzo Nobel India Limited (Target) by
JSW Paints Limited (Acquirer)
Posted On: 16 SEP 2025 7:46PM by PIB Delhi
The Competition Commission of India has approved the acquisition of up to 75% shareholding in Akzo Nobel
India Limited (Target) by JSW Paints Limited (Acquirer)
The proposed transaction relates to the acquisition of up to 75% shareholding in the Target by the Acquirer
through a (i) share purchase agreement, and (ii) mandatory open offer (Proposed Combination).
The Acquirer is a public unlisted company that is engaged in the manufacture and sale of
decorative paints and industrial coatings in India. The Acquirer belongs to the JSW Group that has
presence in various sectors including steel, energy, infrastructure, cement, paints, realty, and
sports.
The Target is a public listed company that is engaged in the manufacture and sale of decorative
paints and industrial coatings in India, and forms part of the Akzo Nobel Group.
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2167330)