JSW Paints files open offer for Akzo Nobel India at Rs 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

+0.2%Reaction day

₹3337.80

prior close

₹3351.20

announcement price

In-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.9%+1.1% vs market

Paints peers, median of 8sector-0.8%+1.0% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Smallcap 250 and 1.0 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+0.2-0.9+1.1-0.8+1.0

Next day

+1.6-0.1+1.7-1.1+2.7

+1.5+0.3+1.2-0.9+2.4

+1.7+0.1+1.7-0.5+2.3

+0.4+0.6-0.2-0.9+1.3

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15d

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+8.6-3.6+12.1-4.7+13.3

-7.5-4.6-2.9-2.6-4.9

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 and two associated entities will make a cash open offer for up to 11,840,482 Akzo Nobel India shares, equal to 26% of voting capital, at Rs 3,231.77 per share. Tendering runs from October 23 to November 6, 2025. JSW Paints also agreed to buy up to 74.76% from existing promoters for up to Rs 9,403.21 crore, giving it control.

Likely market impact

Public holders get a cash exit at Rs 3,231.77 per share, while JSW Paints gains control. The deal's funding may weigh on the acquirer's stock.