ICIL exits Akzo Nobel India with 9% block deal sale worth Rs 1296 cr

Promoter sold over 1%Ownership Changes View source PDF Explain this filing

JSWDULUX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹3126.50

prior close

₹3135.00

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.3%-0.6% vs market

Paints peers, median of 8sector+0.8%-0.1% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.1 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.0

15m

-0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7+1.3-0.6+0.8-0.1

Next day

+0.8+2.3-1.6+1.1-0.3

+0.8+2.7-1.9+2.1-1.3

+0.4+2.8-2.4+1.2-0.8

-0.2+2.6-2.8+0.5-0.7

+0.5+2.1-1.6+0.9-0.5

+0.9+3.0-2.1+0.1+0.8

15d

+0.5-0.6+1.0+0.3+0.2

-2.6-1.0-1.6-1.3-1.3

-2.6-1.3-1.3-14.1+11.5

-10.1-8.9-1.2-23.3+13.3

UpDownMarket · Nifty Smallcap 250Sector · Paints peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Imperial Chemical Industries Limited (ICIL), an erstwhile promoter and public shareholder, sold 40,97,025 equity shares of Akzo Nobel India (about 9% of paid-up capital) through a block deal on NSE on 17 Dec 2025 for Rs 1,296.09 crore. After this, ICIL holds zero shares in the company. Buyers were public; no promoter group entities bought any shares.

Likely market impact

Former promoter fully exits, adding 9% to public float. May cause near-term price swings but improves liquidity and broadens shareholder base.