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  1. Asian Paints sells entire 4.42% stake in Akzo Nobel India; check details

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Asian Paints sells entire 4.42% stake in Akzo Nobel India; check details

Ahana Chatterjee - image.jpg

3 min read | Updated on July 09, 2025, 18:52 IST

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SUMMARY

Shares of Asian Paints settled at ₹2,497.30 apiece on the National Stock Exchange, rising 0.51%

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Asian Paints

Asian Paints had reported a net profit of ₹692 crore for the January-March quarter, marking a decline of 45%. | Image: Shutterstock

Asian Paints on Wednesday, July 9, said that it has sold its entire 4.42% stake in Akzo Nobel India 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,” the company said in a regulatory filing.

Shares of Asian Paints settled at ₹2,497.30 apiece on the National Stock Exchange, rising 0.51%.

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.

AkzoNobel India is one of India's leading decorative and industrial paint players and part of AkzoNobel, 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.

AkzoNobel 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.

Meanwhile, Asian Paints reported a 45% decline in consolidated net profit to ₹700.83 crore for the March quarter (Q4 FY25) due to muted demand and increased competitive intensity in the market.

The company had logged a net profit of ₹1,275.30 crore in the January-March period last year, according to a regulatory filing by Asian Paints.

Its revenue from operations slipped 4.25% to ₹8,358.91 crore in the March 2025 quarter. It was ₹8,730.76 crore in the year-ago period.

During the quarter, "muted demand conditions and consumer sentiment coupled with downtrading and increased competitive intensity impacted revenue," Asian Paints said in its earnings statement.

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About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.