JSW Dulux clarifies Akzo Nobel paint deal news does not concern it

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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

-2.0%Reaction day

₹2947.00

prior close

₹2901.10

announcement price

In-mkt

timing

Nifty Smallcap 250market-1.1%-0.9% vs market

Paints peers, median of 8sector-1.7%-0.3% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and 0.3 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

+0.2

10m

+0.3

15m

+0.4

30m

-0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-1.1-0.9-1.7-0.3

Next day

+0.1-0.4+0.5-1.4+1.5

+5.6-0.3+5.9-1.4+6.9

+2.9-0.9+3.8-1.9+4.8

+1.8-0.8+2.6-0.5+2.4

+1.0-0.4+1.4+0.6+0.4

-1.1-2.9+1.8-1.5+0.5

15d

+0.2+0.1+0.0+4.5-4.4

+7.4+0.6+6.8+3.9+3.5

+5.3-1.5+6.9-9.3+14.7

+5.2-1.9+7.0-7.5+12.7

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

NSE asked JSW Dulux about a news item saying Akzo Nobel rejected Nippon's USD 8.6 billion offer for its paint business. The company clarified that since 10 December 2025, it is no longer part of the Akzo Nobel group. Its erstwhile promoters (ICI Ltd and Akzo Nobel Coatings International BV) sold their stake to JSW Paints Limited, and the company was renamed from Akzo Nobel India Limited to JSW Dulux Limited. Hence the news does not pertain to JSW Dulux.

Likely market impact

No direct impact on shareholders. Confirms JSW Dulux is fully under JSW Paints and independent of Akzo Nobel's global decisions.