Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: Akzo Nobel India block deals: Promoter offloads Rs 765 crore stake; Nippon, Goldman, Citi among buyers – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > Business > Akzo Nobel India block deals: Promoter offloads Rs 765 crore stake; Nippon, Goldman, Citi among buyers – Delhi News Daily
Business

Akzo Nobel India block deals: Promoter offloads Rs 765 crore stake; Nippon, Goldman, Citi among buyers – Delhi News Daily

delhinewsdaily
Last updated: September 24, 2025 8:36 pm
delhinewsdaily
Share
SHARE


Contents
Block deal detailsLive Events
Akzo Nobel India‘s promoter entity Imperial Chemical Industries today sold over 22.77 lakh shares worth Rs 765 crore via multiple block deals to marquee international and domestic funds. The shares were sold at a price 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 Company.

Nippon was the top buyer at Rs 274 crore and was followed by WF Asian Smaller Companies Fund and Goldman Sachs.

Block deal details

— Nippon India Mutual Fund bought 8,14,894 shares worth Rs 273.70

— WF Asian Smaller Companies Fund bought 5,28,500 shares at Rs 177.5 crore

— Goldman Sachs bought shares worth Rs 151.50 crore

ET logo

Live Events

— Citigroup bought shares worth Rs 35.2 crore

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

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

— Mediolanum Best Brands- Mediolanum India Opportunities bought 36,905 shares at 12.4 crore bought shares worth Rs 10 crore, each

— BNP Paribas Financial Markets, Societe Generale, Morgan Stanley, Bandhan MF, Edelweiss, Ghisallo Master Fund LP

— New York State Teachers Retirement System bought 24,407 shares worth Rs 8.2 crore

— GS India Equity bought 16,128 shares at a consideration of Rs 5.41 crore.

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

The shares were sold at a discount of 1% over the Tuesday closing price of Rs 3,394.65. Today 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 past one year and shares are currently trading below their 50-day and 200-day simple moving averages of Rs 3,518.2 and Rs 3,481, respectively.

Also Read: NDR InvIT Trust bulk deals: Radhakishan Damani picks Rs 100 cr stake; Rakesh Jhunjhunwala trust invests Rs 67 cr

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Add ET Logo as a Reliable and Trusted News Source



Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article ‘Russia Is A Bear’: Kremlin Reacts To Donald Trump’s ‘Paper Tiger’ Comment – Delhi News Daily
Next Article ‘Indians getting bad name’: Video of Pawan Kalyan fans dancing in Dallas over OG release viral amid H-1B row – The Times of India – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • India’s textile recycling market projected to reach $3.5 bn by 2030, may add 1 lakh jobs: Report – Delhi News Daily
  • Northeast India’s textiles are trending, but designers say fashion must respect culture behind the weaves – Delhi News Daily
  • BSE Index Services launches BSE SmallCap 500-based market cap and factor indices – Delhi News Daily
  • शरजील इमाम को 10 दिन की मिली अंतरिम जमानत, भाई की शादी में शामिल होने की गुजारिश की थी – Delhi News Daily
  • Tensions Flare As TMC Leaders, Election Commission Spar At Poll Review Meeting – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

Business

SBI Q3 Results: Profit jumps 24% YoY to Rs 21,028 crore, NII rises 9% – Delhi News Daily

India's largest public sector lender State Bank of India (SBI) on Saturday reported 24% year-on-year (YoY) growth in its standalone…

2 Min Read
Business Standard
Business

magicpin eyes 20M active users in 2026, food delivery to drive growth: CEO – Delhi News Daily

magicpin | Image: Company website2 min read Last Updated : Feb 14 2026 | 10:12 PM IST magicpin aims to…

2 Min Read
Business

4 years of fraud: How a Mumbai-based elderly couple allegedly lost Rs 35 crore in trading scam without knowing – Delhi News Daily

For four years, Bharat Harakchand Shah believed his modest, inherited portfolio was quietly growing. Annual statements allegedly showed profits. Calls…

5 Min Read
Business

Hospital sector positioned for double-digit growth; Apollo Hospitals, Max Healthcare top picks – Delhi News Daily

India’s hospital sector continues to deliver robust growth, supported by sustained demand, capacity expansion, and operational efficiencies.Over the past five…

3 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?