JSW Paints Acquires 75% Stake in Dulux Owner Akzo Nobel India for $1.08 Billion
Biggest Deal in Indian Paint Industry History In a game-changing move, JSW Paints Ltd has acquired 74.76% of Akzo Nobel India , the company behind the iconic Dulux paint brand, for Rs 8,986 crore ($1.08 billion) . This deal marks one of the largest takeovers in India’s fast-growing paints sector. With this acquisition, JSW Paints—part of the $23 billion JSW Group —makes a powerful leap to become India’s 4th-largest paint manufacturer. 📊 Why This Deal Matters India’s paint market is valued between ₹80,000–₹90,000 crore , dominated by giants like Asian Paints , Berger , and Kansai Nerolac . Since entering the market in 2019, JSW Paints has faced stiff competition. This deal gives them: Entry into luxury and ultra-premium paint segments A 7% market share overnight 250 million liters/year production capacity Strong presence in urban India through Dulux’s trusted brand name 🔍 Deal Structure & Next Steps The acquisition is structured as follows: Shares b...