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Reading: Akzo Nobel India block offers: Promoter offloads Rs 765 crore stake; Nippon, Goldman, Citi amongst patrons
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StockWaves > Financial News > Akzo Nobel India block offers: Promoter offloads Rs 765 crore stake; Nippon, Goldman, Citi amongst patrons
Financial News

Akzo Nobel India block offers: Promoter offloads Rs 765 crore stake; Nippon, Goldman, Citi amongst patrons

StockWaves By StockWaves Last updated: September 25, 2025 3 Min Read
Akzo Nobel India block offers: Promoter offloads Rs 765 crore stake; Nippon, Goldman, Citi amongst patrons
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Contents
Block deal particularsStay Occasions
Akzo Nobel India’s promoter entity Imperial Chemical Industries at the moment offered over 22.77 lakh shares value Rs 765 crore through a number of block offers to marquee worldwide and home funds. The shares have been offered at a value of Rs 3,358.8 apiece to Goldman Sachs, Citigroup, BNP Paribas, Societe Generale, Morgan Stanley, Nippon India Mutual Fund, Aditya Birla Sunlife Mutual Fund and Edelweiss Life Insurance coverage Firm.

Nippon was the highest purchaser at Rs 274 crore and was adopted by WF Asian Smaller Corporations Fund and Goldman Sachs.

Block deal particulars

— Nippon India Mutual Fund purchased 8,14,894 shares value Rs 273.70

— WF Asian Smaller Corporations Fund purchased 5,28,500 shares at Rs 177.5 crore

— Goldman Sachs purchased shares value Rs 151.50 crore

Stay Occasions

— Citigroup purchased shares value Rs 35.2 crore

— Baroda BNP Paribas MF purchased 74,820 shares at a deal measurement of Rs 25.13 crore

— Aditya Birla Sunlife MF purchased 45,986 shares at Rs 15.4 crore

— Mediolanum Finest Manufacturers- Mediolanum India Alternatives purchased 36,905 shares at 12.4 crore purchased shares value Rs 10 crore, every

— BNP Paribas Monetary Markets, Societe Generale, Morgan Stanley, Bandhan MF, Edelweiss, Ghisallo Grasp Fund LP

— New York State Academics Retirement System purchased 24,407 shares value Rs 8.2 crore

— GS India Fairness purchased 16,128 shares at a consideration of Rs 5.41 crore.

Akzo Nobel India is an Indian subsidiary of Amsterdam-based AkzoNobel.

The shares have been offered at a reduction of 1% over the Tuesday closing value of Rs 3,394.65. At present the shares ended at Rs 3390.75 on the BSE, declining by Rs 3.90 or 0.11%.

It has been a market laggard falling 8% over the previous one yr and shares are at present buying and selling under their 50-day and 200-day easy transferring averages of Rs 3,518.2 and Rs 3,481, respectively.

Additionally Learn: NDR InvIT Belief bulk offers: Radhakishan Damani picks Rs 100 cr stake; Rakesh Jhunjhunwala belief invests Rs 67 cr

(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Instances)

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