Sajjan Jindal's JSW Paints Ltd, along with JTPM Metal Traders Ltd and JSW EduInfra Private Ltd, has issued a Letter of Offer (LOF) for an open offer to acquire up to 26% of Dutch paint maker Akzo Nobel India Ltd 's equity share capital.

The open offer, managed by Morgan Stanley India Company Private Ltd, proposes the acquisition of up to 1,18,40,482 fully paid-up equity shares of face value ₹10 each from public shareholders at a price of ₹3,231.77 per share. The total consideration for the offer amounts to approximately ₹2,997.11 crore, assuming full acceptance.

The open offer is being made following the earlier public announcement dated June 27, 2025, and detailed public statement dated July 4, 2025. The open offer size may be subject to proportionate reduction to ensure that the

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