CCI Approves JSW Paints' Acquisition of Akzo Nobel India
The Competition Commission of India has approved JSW Paints Limited's acquisition of up to 75% shareholding in Akzo Nobel India Limited. The acquisition will occur through a share purchase agreement and a mandatory open offer. JSW Paints, part of the JSW Group, is involved in manufacturing decorative paints and industrial coatings, while Akzo Nobel India is a public listed company in the same sector.
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