<ul data-eligibleForWebStory="false"><li>Asian Paints sold its entire stake in Akzo Nobel India Ltd, accounting for 4.42% of the company’s outstanding equity, at an average price of Rs 3,651 per share, totaling Rs 734 crore.</li><li>The move came after the promoters of Akzo Nobel signed a share purchase agreement with JSW Paints valued at Rs 9,400 crore, leading to an open offer by JSW Paints at Rs 3,417.77 per share.</li><li>JSW Paints plans to fund the Rs 13,000-crore acquisition of Akzo Nobel India through a mix of internal accruals, bank debt, and private equity support in a one-third, one-third, one-third ratio.</li><li>Despite the open offer by JSW Paints, shares of Akzo Nobel India closed 1.56% lower, but have seen a 25.36% rise in the last 12 months.</li></ul>

Asian Paints Sells Rs 730-Crore Stake To Exit Akzo Nobel Post JSW Deal

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