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Image Credit: Bloomberg Quint

Asian Paints Shares Trade Lower Post Akzo Nobel-JSW Paints Deal

  • Shares of Asian Paints fell by 0.38% to Rs 2,489.40 apiece after offloading stake in Akzo Nobel.
  • Asian Paints traded lower following the transaction which constituted 4.42% of the company's equity.
  • The offloaded stake in Akzo Nobel was valued at Rs 734 crore as part of the JSW Paints deal.
  • The stock has fallen 16.80% in the last 12 months and has mixed analyst recommendations, with an average consensus price target indicating a downside of 6.1%.

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