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New Delhi, Jun 27 (PTI) JSW Paints Ltd on Friday announced the acquisition of a majority stake in Akzo Nobel India for about Rs 9,000 crore. "JSW Paints Limited today entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited from Akzo Nobel N.V. and its affiliates, for a maximum consideration under the share purchase agreement of up to Rs 8,986 crore, subject to certain closing adjustments," the company said in a statement. PTI ANZ SHW ...Read More >
Akzo Nobel India acquisition: JSW Paints has agreed to acquire a majority stake in Akzo Nobel India, valuing the company at Rs 12,000 crore (approximately $1.1 billion), in a move that will make it the fourth-largest player in India's fast-growing paints market. According to a report by The Economic Times, JSW will acquire a 75% stake for Rs 9,000 crore -- a 17.4% discount to Thursday's closing price. ...Read More >
The European share index dropped as investors reacted to France's political unrest and the abrupt resignation of Stellantis' CEO. The STOXX 600 fell 0.1%, while the CAC 40 underperformed. France's borrowing costs increased, and sectors like automobiles and tech faced challenges, although some companies saw gains. Europe's primary share index experienced a decline on Monday as investors offloaded French stocks amidst growing political uncertainty in the country. The resignation of Stellantis' CE ...Read More >
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