The Akzo India business has a market capitalization of approximately ₹ 15000 million rupees that includes some verticals such as dust coating that would not be included in the sale | Photo credit: Phil Noble
The fight for the business of Akzo Nobel India has now reduced to only two players: JSW Paints and Indigo Paints, with a Pidilite that does not receive offers, the sources said. Between the two, it is said that JSW Paints is a favorite, those aware of the discussions revealed.
The owners of the Dulux brand, Akzo India, have a market share of almost 8 percent.
The agreement is expected to be valued at ₹ 10,000-12000 million rupees, according to Bee, and the winner collects decorative and industrial coatings.
Powder coatings and R&D units will be sold again to the Dutch father.
“Akzo NV, the headquarters based in the Netherlands, the parent company based in the Netherlands,” said a person that Atks ATKs, “said a person that Asks,” he said.
Akzonobel India and JSW Group did not respond to consultations by Business line. Pidilite has not commented on a previous questionnaire sent by the newspaper.
According to the reports, Pidilite only looked at the decorative business.
The Indigo of Hemant Jalan paintings, backed by private capital Major Advent International, was not immediately available for comments.
The Akzo India business has a market capitalization of ₹ 15000 million rupees; Which includes some verticals such as dust coating that would not be included in the sale.
Business review was first pointed out last year, occurs when Akzo NV, the parent company, seeks to optimize operations and increase efficiency in the midst of global economic uncertainties.
Akzonobel India, the fourth player by market size, after Asian Paints, Berger and Kansai Nerolac, focuses on decorative paintings for houses and commercial spaces, operates as a large autonomous unit, isolated from global disruptions.
The Indian unit appears in the Indian values bags.
Earlier this year, the unit acquired the intellectual property rights of the Dulux brand for India, Nepal, Bután and Bangladesh for ₹ 1,152 million rupees. Competitive, sold its powder coatings business to the parent company for ₹ 2,073 million rupees and its vertical R&D for ₹ 70 million rupees. The net processes of ₹ 991 million rupees will cover the tax obligations of sales and finance dividends to shareholders.
Business line He had previously reported that JSW Paints, Indigo Paints (backed by Pe Firm Advent) and the possible Pidilite are those of Fray. Two binding offers had placed the leg in April.
The Dutch firm Akzonobel NV has a 74.76 percent participation in Akzonobel India and any attempt to buy a control participation will trigger an open sacrifice.
Based on the market capitalization of the Indian arm at the end of the day trade on May 15, the participation of the parents is valued in around ₹ 11,854 million rupees.
Akzonobel’s local business includes the decorative paint segment, as well as the industrial paint segment and the price of the company’s shares has been recovered by 35.79 percent in the last year.
AKZONOBEL India in fiscal year 2015 reported an entry of operations of ₹ 4,091.2 million rupees, 3 percent more, Ebit of operations of ₹ 551.8 million rupees; The two -digit profitability remained at 13.5 percent and PAT flat at ₹ 428.6 million rupees.
Posted on May 15, 2025
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