Latest news with #AkzoNobelIndiaLtd
New Indian Express
12 hours ago
- Business
- New Indian Express
Indian M&A dealmaking soars in July with 115% growth in deal value
NEW DELHI: India's dealmaking landscape witnessed a significant surge in July 2025, with a remarkable 115% growth in deal value (Excluding capital market deals). According to the Grant Thornton Bharat Dealtracker, the total value of deals reached $16.4 billion across 227 transactions. This growth was fueled by strong momentum in both mergers and acquisitions (M&A) and capital market activities, including IPOs and QIPs. Excluding capital market deals, July saw an 18% rise in deal volumes, from 169 in June to 200, and a remarkable 115% surge in values—from $4.2 billion to $9.1 billion, the report said. The mergers and acquisition (M&A) landscape saw a sharp increase, with 83 deals valued at $7 billion, a 340% jump in value from June. The month featured three billion-dollar deals, with the largest being JSW Paints' $1.5 billion acquisition of a 75% stake in Akzo Nobel India Ltd.
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Business Standard
04-08-2025
- Business
- Business Standard
Akzo Nobel Q1 results: Net profit falls 20.5% to ₹91 crore on weak demand
Paints and coatings maker Akzo Nobel India Ltd on Monday reported a 20.6 per cent decline in consolidated net profit to ₹91 crore in the June quarter, impacted by lower sales amid tepid consumer demand. It had posted a consolidated net profit of ₹114.6 crore in the corresponding period last fiscal, Akzo Nobel India said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at ₹995.1 crore as compared to ₹1,036.3 crore in the year-ago period, it added. Total expenses in the April-June quarter were marginally lower at ₹881.6 crore against ₹891.7 crore in the same period a year ago, the company said. The company, in which JSW Paints had agreed to buy a 74.76 per cent stake for ₹8,986 crore last month, followed by an open offer to buy another 25 per cent from the open market for up to ₹3,929.06 crore, said its board has approved a one-time special interim dividend of ₹156 per share. Akzo Nobel India Chairman and Managing Director Rajiv Rajgopal said, "In Q1 of FY2025-26, our B2B segment continued its growth trajectory, while retail was subdued due to tepid consumer demand and heightened competition. Despite margin pressure, we sustained double-digit profitability and maintained investments in growth initiatives." On the special interim dividend, he said, "Expressing gratitude to all our shareholders, the board is delighted to announce a one-time special interim dividend of ₹156 per share, inter alia, based on income on slump sale as previously approved by shareholders." Shares of the company were trading 2.06 per cent higher at ₹3,712 apiece on the BSE.
Time of India
04-08-2025
- Business
- Time of India
Akzo Nobel India Q1 net profit falls 20.5 pc to Rs 91 cr
New Delhi: Paints and coatings maker Akzo Nobel India Ltd on Monday reported a 20.6 per cent decline in consolidated net profit to Rs 91 crore in the June quarter, impacted by lower sales amid tepid consumer demand. It had posted a consolidated net profit of Rs 114.6 crore in the corresponding period last fiscal, Akzo Nobel India said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 995.1 crore as compared to Rs 1,036.3 crore in the year-ago period, it added. Total expenses in the April-June quarter were marginally lower at Rs 881.6 crore against Rs 891.7 crore in the same period a year ago, the company said. The company, in which JSW Paints had agreed to buy a 74.76 per cent stake for Rs 8,986 crore last month, followed by an open offer to buy another 25 per cent from the open market for up to Rs 3,929.06 crore, said its board has approved a one-time special interim dividend of Rs 156 per share. Akzo Nobel India Chairman and Managing Director Rajiv Rajgopal said, "In Q1 of FY2025-26, our B2B segment continued its growth trajectory, while retail was subdued due to tepid consumer demand and heightened competition. Despite margin pressure, we sustained double-digit profitability and maintained investments in growth initiatives." On the special interim dividend, he said, "Expressing gratitude to all our shareholders, the board is delighted to announce a one-time special interim dividend of Rs 156 per share, inter alia, based on income on slump sale as previously approved by shareholders." Shares of the company were trading 2.06 per cent higher at Rs 3,712 apiece on the BSE.
The Print
13-07-2025
- Business
- The Print
JSW Paints announces open offer at Rs 3,418 apiece for 25.24 pc stake in Akzo Nobel India
New Delhi, Jul 11 (PTI) JSW Paints has announced an open offer to acquire an additional 25.24 per cent in Akzo Nobel India Ltd following its deal for acquisition of a 74.76 per cent stake in the Dulux paint-maker for Rs 8,986 crore struck last month, according to a regulatory filing. JSW Paints Ltd, along with JTPM Metal Traders Pvt Ltd and JSW EduInfra Pvt Ltd, has announced an open offer for acquisition of nearly 1.15 crore fully paid-up equity shares of face value of Rs 10 each from the public shareholders at a price of Rs 3,417.77 each, said Morgan Stanley India, the manager of the offer in a letter shared on bourses by Akzo Nobel India Ltd.
Hans India
02-07-2025
- Business
- Hans India
JSW Paints eyes sharp rise in market share
Mumbai: JSW Paints aims to significantly increase its market share in decorative and industrial coating segments, following the acquisition of Akzo Nobel India Ltd, the makers of Dulux paints, a top company official said. Last week, JSW Paints announced the acquisition of 74.76 per cent stake from the Dutch promoters of Akzo Nobel India Ltd (ANIL) for a consideration of Rs8,986 crore and announced an open offer of up to Rs3,929.06 crore. JSW Paints, part of Sajjan Jindal-led $23 billion JSW Group, will fund the nearly Rs13,000 crore acquisition, partly through a mix of internal accruals, support from financial creditors and through private equity, its Managing Director Parth Jindal said. Once the acquisition is completed post approvals from regulatory bodies such as Competition Commission of India and others, the five-year old company, JSW Paints, would become the fourth largest player in the segment, he said. Terming it as a momentous occasion for JSW Paints, Jindal said 'coming together with Dulux, takes us into the top four in the Indian paint industry. It allows us to scale up our business and it allows us to come very close to our ambition of being in the top three players in the Indian paints industry.' After the acquisition of ANIL, JSW Paints would have two levers of growth in the domestic paints market, which is expected to grow to $15 billion by 2029. Brand Dulux would focus on the premium side, in the metro and tier I & II cities, while JSW will continue to expand in the mass and value segments.
