Core Insights - JSW Paints has announced the acquisition of a 74.76% stake in Akzo Nobel India for Rs 8,986 crore, followed by an open offer of Rs 3,929.06 crore to acquire an additional 25% from public shareholders, totaling Rs 12,915 crore for the transaction [4][6] - This acquisition will position JSW Paints as the fourth-largest player in India's paint industry [4][6] - Akzo Nobel India reported revenues of Rs 4,091.21 crore in FY25, and the Dutch parent company will retain its India Powder Coatings business and the International Research Centre while divesting most of its operations to JSW [5][6] Company Overview - JSW Paints is part of the $23 billion JSW Group, which has diversified interests in steel, cement, energy, infrastructure, automotives, and paints [4][6] - The JSW Group entered the paints market in 2019 and has been aggressively expanding its footprint [4][6] - Akzo Nobel India Ltd operates in both decorative and industrial paints and is a subsidiary of Netherlands-headquartered Akzo Nobel [4][6] Regulatory Approval - The Competition Commission of India (CCI) has approved the acquisition plan by JSW Paints, ensuring compliance with fair competition practices [6] - CCI also cleared another transaction involving Triumph Composites Pvt Ltd and Quartz Fibre Pvt Ltd acquiring the entire shareholding of IPM Inc and OC NL Invest Cooperatief UA in Owens-Corning (India) Pvt Ltd [5][6]