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HomeMarket NewsAkzo Nobel to sell India business to JSW Paints; Open offer price at 16% discount
The deal has been announced at a price of ₹2,762.05 per share, which is a 16% discount to Akzo Nobel's price on Thursday. This takes the total transaction value to ₹9,400 crore.
The promoters of Akzo Nobel India have executed a share purchase pact with JSW Paints, the former said in an exchange filing on Friday, June 27, thereby confirming a CNBC-TV18 newsbreak.
The deal has been announced at a price of ₹2,762.05 per share, which is a 16% discount to Akzo Nobel's price on Thursday. This takes the total transaction value to ₹9,400 crore.
This is a developing story.
