Akzo Block Deal: Shares of Akzo Nobel India Ltd. opened with modest gains on Wednesday, September 24, following a large trade in the pre-open block window. In the deal, 22.77 lakh shares worth Rs 765 crore changed hands at Rs 3,359 per share, accounting for around 5 per cent of the company’s outstanding equity. The identities of buyers and sellers have not been officially disclosed.

Imperial Chemical Industries sells 5 per cent stake

According to reports, Imperial Chemical Industries was set to sell 5 per cent of its stake in Akzo Nobel India through the block deal for Rs 742.7 crore, with a floor price of Rs 3,261.80 per share. The remaining stake of the seller will be subject to a 30-day lock-up. As of the end of the June quarter, Imperial Chemical Industries held a 50.46 per cent sta

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