New Delhi, June 30 -- JSW Paints Ltd is set to climb the ladder in the paints sector. With a capacity of less than 0.2 million metric tonnes per annum (MMTPA), JSW currently ranks sixth in the industry. On Friday, it announced the acquisition of a 75% stake in its larger peer, Akzo Nobel India Ltd, for Rs.9,000 crore.

For the Akzo Nobel group, the divestment is part of a broader strategic portfolio review aimed at focusing efforts on leading positions in key global coatings markets. The deal, which is awaiting regulatory approvals and a mandatory open offer for the remaining 25% held by the public, is expected to close by the end of 2025.







This has breathed fresh life into Akzo, which had corrected by more than 25% from its peak in...