Akzo Nobel India: Imperial Chemical Industries Sells 40.97 Lakh Shares Worth ₹1296 Crore

Akzo Nobel India Limited has disclosed a significant change in its shareholding pattern. Imperial Chemical Industries Limited, an erstwhile promoter, has sold 40,97,025 equity shares of the company. T...

Akzo Nobel India Limited has disclosed a significant change in its shareholding pattern. Imperial Chemical Industries Limited, an erstwhile promoter, has sold 40,97,025 equity shares of the company. This transaction represents approximately 9% of the company's total equity shares. The sale was executed on-market on the National Stock Exchange of India Limited, with the total consideration amounting to ₹12,960,941,865.12 (approximately ₹1296 crore). The disclosure was made pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The sale of shares was completed on December 17, 2025, and the company was intimated on December 18, 2025. It is noted that Imperial Chemical Industries Limited was declassified as a promoter effective December 10, 2025, following the closing of a transaction, as per Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has submitted the required disclosures in Form C to the BSE Limited and the National Stock Exchange of India Ltd. for record.

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Why is Akzo Nobel India Limited in the news today?

Akzo Nobel India Limited (AKZOINDIA) is in the news due to the sale of a significant stake by an erstwhile promoter indicates a reduction in their holding, which can be perceived negatively by the market.

Substantial Acquisition of Shares and TakeoversMajor Shareholder DisclosuresShareholding Pattern
Akzo Nobel India LimitedAKZOINDIAhttps://prysm.fi/v2/analyze/AKZOINDIA

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Akzo Nobel India: Imperial Chemical Industries Sells 40.97 Lakh Shares Worth ₹1296 Crore

December 19, 2025, 08:16 AM

AI Sentiment Analysis

Akzo Nobel India Limited has disclosed a significant change in its shareholding pattern. Imperial Chemical Industries Limited, an erstwhile promoter, has sold 40,97,025 equity shares of the company. This transaction represents approximately 9% of the company's total equity shares. The sale was executed on-market on the National Stock Exchange of India Limited, with the total consideration amounting to ₹12,960,941,865.12 (approximately ₹1296 crore).

The disclosure was made pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The sale of shares was completed on December 17, 2025, and the company was intimated on December 18, 2025. It is noted that Imperial Chemical Industries Limited was declassified as a promoter effective December 10, 2025, following the closing of a transaction, as per Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has submitted the required disclosures in Form C to the BSE Limited and the National Stock Exchange of India Ltd. for record.

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