Mumbai, June 28 -- JSW Paints has officially announced that it will acquire Akzo Nobel's India paint business in a Rs 12,915 crore transaction which was executed with support from Morgan Stanley as the exclusive financial adviser to JSW Paints. Khaitan & Company provided legal advisory services, while Deloitte conducted financial and tax due diligence to execute the deal. According to a company press release, JSW Paints will acquire a 74.76 percent stake in Akzo Nobel India which makes Dulux brand of paints for Rs 8,986 crore, which will be followed by an open market offer to an additional 25 percent stake valued at Rs 3,929.06 crore. "JSW Paints entered into definitive agreements to acquire up to 74.76 percent stake in Akzo Nobel India fro...