JSW Paints files final open offer for Akzo Nobel India at INR 3,231.77

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions 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

+1.4%Reaction day

₹3345.20

prior close

₹3359.90

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.8%+0.6% vs market

Paints peers, median of 8sector-0.6%+2.0% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Smallcap 250 and 2.0 pts more 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

-0.7

10m

-0.7

15m

-0.8

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.8+0.6-0.6+2.0

Next day

+1.3+1.2+0.1-0.9+2.1

+1.5+1.0+0.5+0.5+1.0

+0.1+1.5-1.4-0.2+0.3

+0.9+2.2-1.3+1.4-0.5

-0.3+2.0-2.3+0.4-0.7

-3.0+2.5-5.4-0.4-2.6

15d

-3.1+0.6-3.7-1.6-1.5

-0.8+1.7-2.5+2.6-3.4

+8.3-2.7+11.0-4.2+12.5

-7.7-4.2-3.6-3.1-4.7

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

JSW Paints, with JTPM Metal Traders and JSW EduInfra, filed the Letter of Offer for up to 11,840,482 Akzo Nobel India shares, or 26% of voting capital, at INR 3,231.77 per share in cash. Maximum consideration is INR 2,997.11 crore. Tendering runs October 23 to November 6, 2025. The offer may fall to 20.36% if fully subscribed. JSW Paints will separately buy up to 74.76% from sellers for INR 9,403.21 crore; total stake is capped at 75%.

Likely market impact

The cash offer sets a price benchmark and signals a change of control. The stock may trade near INR 3,231.77, subject to market and completion risks.