India, June 27 -- JSW Paints Ltd on Friday announced it will acquire a majority stake in Akzo Nobel India for approximately Rs 9,000 crore.
In an official statement, the company said, "JSW Paints Limited has entered into definitive agreements to acquire up to 74.76% stake in Akzo Nobel India Limited from Akzo Nobel N.V. and its affiliates, for a maximum consideration of Rs 8,986 crore under the share purchase agreement, subject to certain closing adjustments."
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