Akzo Nobel India Limited — Board Meeting, 24-02-2025: Outcome of Board Meeting

The Board of Directors of Akzo Nobel India Limited has accepted a Binding Offer from Akzo Nobel N.V. to acquire the company's Powder Coatings business and International Research Center on a slump sale basis, with proposed purchase considerations of ₹20,730 Cr and ₹700 Cr, respectively. Additionally, the company will acquire intellectual property rights for its Decorative Paints business from Akzo Nobel Coatings International B.V. for ₹11,520 Cr. These strategic transactions aim to streamline operations, making the company more focused on liquid paints and coatings, pending shareholder approval via Postal Ballot.