Categories
Loading...
Categories
Akzo Nobel India Limited has announced a board meeting to discuss an investment in ICI India Research and Technology Centre Pvt. Ltd. through a Rights Issue. The investment involves acquiring 12,50,000 equity shares at a face value of Re. 1 each, totaling ₹12.50 lakh, increasing Akzo's ownership in ICI R&T to approximately 99.99%. This move aims to provide necessary capital for ICI R&T's operational needs, signaling a strategic focus on strengthening its R&D capabilities. Investors may view this as a positive outlook, reflecting Akzo's commitment to enhancing its technological edge within the industry.