Shares of Akzo Nobel India Ltd soared over 8% today to ₹3,700, following reports that Berger Paints is actively exploring the acquisition of Akzo Nobel’s India stake. According to sources cited by CNBC-TV18, Akzo Nobel’s promoters are looking to exit the Indian market by selling their 74.6% stake in the company.
The potential deal has attracted interest from other players like JSW and Indigo Paints, adding competitive intrigue to the negotiations. The transaction is expected to be valued at ₹10,000-₹12,000 crore, with the structure yet to be decided—whether a full cash deal or a hybrid arrangement.
As per the reports, Akzo Nobel’s market capitalization stands at approximately ₹16,000 crore. However, neither Akzo Nobel nor Berger Paints has provided an official comment on the development.
The news has fueled investor optimism, sending Akzo Nobel shares to their highest level of the day, reflecting the market’s anticipation of a strategic realignment in the Indian paints industry.
Akzo Nobel India Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Mon, Jan 6 2025
|
₹3,450.00
|
₹3,419.95
|
-2.29%
|
|
Fri, Jan 3 2025
|
₹3,546.85
|
₹3,500.05
|
-1.32%
|
|
Thu, Jan 2 2025
|
₹3,550.00
|
₹3,546.85
|
-0.47%
|
|
Wed, Jan 1 2025
|
₹3,534.90
|
₹3,563.45
|
-0.70%
|
|
Tue, Dec 31 2024
|
₹3,411.40
|
₹3,588.75
|
|
|
Mon, Dec 30 2024
|
₹3,438.00
|
₹3,411.40
|
|
|
Fri, Dec 27 2024
|
₹3,453.95
|
₹3,409.05
|
-1.29%
|
|
Thu, Dec 26 2024
|
₹3,484.40
|
₹3,453.70
|
-0.88%
|
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
