Akzo Nobel share price falls over 2% after Asian Paints sells its entire stake; check details

Shares of Akzo Nobel declined over 2% to an intraday low of ₹3,567.10 apiece as Asian Paints sold its entire 4.42% stake in the firm through a bulk deal. The sale was done at a price of ₹3,651 per share.

“This is to inform you that the Company has, today, sold its entire holding of 2,010,626 equity shares in Akzo Nobel India Limited, representing 4.42% of its paid-up share capital. The sale was executed at a price of ₹3,651 per share through the bulk deal mechanism,” Asian Paints had said in a regulatory filing on Wednesday.

Last seen, shares of Akzo Nobel India were trading at ₹3,577.20 apiece on the National Stock Exchange, slipping 1.96%.

Last month, JSW Paints acquired a majority stake in Akzo Nobel India for about ₹9,000 crore. JSW Paints, part of the $23 billion JSW Group, will hold a 74.76% stake in Akzo Nobel India post the deal.

Akzo Nobel India is one of India's leading decorative and industrial paint players and part of Akzo Nobel, a global leader in decorative paints and industrial coatings headquartered in the Netherlands.

In October last year, Akzo Nobel NV announced a strategic review of its portfolio in South Asia and was looking for strategic options, including partnerships, joint ventures, mergers, or divestments. This was to deploy capital towards expanding its core coatings business.

Akzo Nobel India has a presence in a wide range of paint and coating segments, spanning from decorative paints to automotive and speciality coatings, industrial coatings, marine, protective and yacht coatings, and powder coatings.

Its revenue from operations in FY25 was ₹4,091.21 crore.

Earlier, on February 25, Akzo Nobel India said it would transfer its Powder Coatings business and International Research Centre (R&D) to its Dutch parent firm, Akzo Nobel NV, in a ₹2,143 crore intergroup deal.

Share price details

Over the last five trading sessions, shares of Akzo Nobel gained over 5% while for a month’s time it has advanced 4.91%

The stock has touched its 52-week high of ₹4,674 on November 1, 2024, while its one-year low was hit on July 25, 2025, at ₹2,752 per share.

Market capitalisation of the firm stands at ₹16,337.59 crore.