Trilegal Advised Akzo Nobel N.V. On The Proposed Sale Of Up To 74.76% Stake In Akzo Nobel India

Trilegal advised Akzo Nobel N.V. on the proposed sale of up to 74.76% stake in Akzo Nobel India

Trilegal advised Akzo Nobel N.V. on the proposed sale of up to 74.76% stake in Akzo Nobel India Limited to JSW Paints Limited. The transaction, valued at approximately INR 9,403 crores, involves complex structuring, governance, and regulatory aspects and has triggered an open offer under Indian takeover regulations.

This proposed acquisition marks a significant move in the Indian paints and coatings sector, combining a global legacy brand with a fast-growing domestic player. As part of the transaction, Trilegal advised on vendor diligence, transition planning, intellectual property arrangements, and regulatory approvals required under Indian law.

The transaction, once completed, is expected to redefine the competitive landscape in the sector and significantly strengthen JSW Paints’ position in the Indian market.

The Trilegal team was led by Yogesh Singh, Sumi Saikia, and Ankush Goyal (Partners), with key support from Prarthna Baranwal (Counsel), Amit Nain, Nikhil Issar, Natansh Jain, Pallav Gupta, Shiluti Walling, Nabarun Ray, and Suyash Bhamore (Senior Associates), and Praduta Singh and Sakshi Sharma (Associates).

The Real Estate team was led by Sadaf Shaikh (Partner), supported by Dilnaz Bapasola and M U Ganashruthi (Counsels), Roshini Bansal (Senior Associate), and Ayush S Rao and Mahathi U (Associates).

The Intellectual Property team was led by Kirti Balasubramanian (Partner), with support from Paarth Samdani and Rimjhim Mishra (Associates).

The Anti-Bribery and Anti-Corruption team was led by Kunal Gupta and Siddharth Gupta (Partners), supported by Sahil Bansal (Counsel) and Vidushi Gupta (Associate).

The Employment Law team was led by Swarnima (Partner), with support from Banuprakash N and Sohail Hafesjee (Senior Associates), and Aaryana Anand, Mridhushi Damani, and Sahana R (Associates).

The Tax team was led by Himanshu Sinha and Komal Dani (Partners), with support from Rohit Kumar S and Yash Varmani (Counsels), Anjani Kumar, Deepanshu Jhanwar, Samyak Jain, Utkarsh Mittal (Senior Associates), and Hema Preethi, Ishabh Verma, and U Shreyas (Associates).

The Competition team was led by Gautam Chawla (Partner), supported by Ankush Walia (Counsel), Madhav Kapoor (Senior Associate), and Akanshha Agarwal and Umang Chaturvedi (Associates).

The TMT (Technology, Media & Telecommunications) team was led by Jyotsna Jayaram (Partner), supported by Sidharth Ray (Senior Associate), and Anushka Gupta, Joseph Antony Padikkala, and Pranay Jalan (Associates).

The Capital Markets team was led by Bhakta Patnaik and Albin Thomas (Partners), with support from Malika Grewal (Counsel).

The Environmental Law team was led by Rajat Jariwal (Partner), supported by Gaurav Sharma and Prerna Singh (Senior Associates), Nishtha Kumar (Consultant), and Dev Chand (Associate).

The Corporate Governance and Compliance team was led by Sampath Kumar (Partner), with support from Nikita Vijay (Senior Associate) and Charu Tiwari (Senior Consultant).

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