Akzo Nobel India Limited ( (IN:AKZOINDIA) ) has provided an announcement.
Akzo Nobel India Limited’s Board of Directors has accepted a binding offer from its parent company, Akzo Nobel N.V., to sell its Powder Coatings business and International Research Center in Bangalore on a slump sale basis. Additionally, the company will acquire intellectual property rights related to its decorative paints business in India and neighboring countries. These transactions are subject to shareholder approval via a postal ballot process, indicating a strategic restructuring that could impact its operational focus and market positioning.
More about Akzo Nobel India Limited
Akzo Nobel India Limited operates in the chemical industry, specializing in the production of paints and coatings. The company focuses on decorative paints and has a significant market presence in India, Bangladesh, Bhutan, and Nepal.
YTD Price Performance: -8.68%
Average Trading Volume: 1,419
Current Market Cap: 148B INR
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