Competition Commission of India clears JSW Paints' bid for up to 75% stake in Akzo Nobel India

India's antitrust body has approved JSW Paints' acquisition of up to a 75% stake in Akzo Nobel's Indian unit. This deal occurs amidst rising challenges for Indian paint manufacturers, including fluctuating raw material expenses and increased compe...

By Reuters | Sep 16, 2025, 06.50 PM IST

India's antitrust body Competition Commission of India on Tuesday said it has cleared JSW Paints' plan to acquire up to 75% stake in Dutch paint maker Akzo Nobel's Indian unit.

The deal comes as challenges for Indian paint makers mount, including volatile raw material costs and heightened competition, with billionaire Kumar Mangalam Birla's entry into the sector last year eating into Asian Paints' market share.

Start a SIP with as low as ₹500 with ET Money App!