JSW Paints seeks CCI nod to acquire Akzo Nobel India; plans 74.76% stake buy; aims to be 4th-largest paint firm
Times of IndiaSunday, July 20, 2025 at 8:57:31 AM
JSW Paints, a division of the massive JSW Group, is making a big move to buy a controlling 74.76% stake in Akzo Nobel India—the company behind well-known paint brands like Dulux—for over ₹12,915 crore. They’ve asked India’s competition watchdog (CCI) for approval and plan to make a public offer for the remaining 25%. Parth Jindal, a key figure at JSW, sees huge growth potential here, and if the deal goes through, JSW Paints could leapfrog into becoming the country’s fourth-largest paint company.
Editor’s Note: This isn’t just another business deal—it’s a shakeup for India’s paint industry. JSW, already a heavyweight in steel and energy, is betting big on paints, and snapping up Akzo Nobel’s India operations gives them instant brand power and market share. For consumers, it could mean more competition (and maybe better deals), but regulators will scrutinize whether this reduces fair competition. Either way, it’s a sign that India’s industrial giants are diversifying aggressively.
— Curated via WP Now’s
