Akzo Nobel India Limited ( (IN:AKZOINDIA) ) has provided an update.
Akzo Nobel India Limited has announced the approval of a slump sale of its Powder Coatings business and International Research Centre to an indirect wholly owned subsidiary of its ultimate holding company, Akzo Nobel N.V. This strategic move involves transferring all assets and liabilities related to these divisions, potentially impacting the company’s operational focus and market presence in India and select international markets.
More about Akzo Nobel India Limited
Akzo Nobel India Limited operates in the chemical industry, focusing on the manufacturing, marketing, distribution, and sale of powder coating products. The company also runs an International Research Centre in Bangalore, India, dedicated to research, development, and innovation.
YTD Price Performance: -8.68%
Average Trading Volume: 1,419
Current Market Cap: 148B INR
For an in-depth examination of AKZOINDIA stock, go to TipRanks’ Stock Analysis page.