Shares of Akzo Nobel India will be in focus on Thursday after Asian Paints sold its entire 4.42% stake in the company through a bulk deal worth ₹734 crore. In a regulatory filing on Wednesday, Asian Paints confirmed the sale of 20,10,626 shares at ₹3,651 apiece. The move comes on the heels of last month’s announcement that JSW Paints will acquire a 74.76% controlling stake in Akzo Nobel India from its Dutch promoters for ₹8,986 crore.
Comments
Post a Comment