JSW Group To Raise Rs 7,000 Cr Via NCDs For Akzo Nobel India
JSW Group to issue Rs 7,000 crore in zero-coupon NCDs to finance its planned 75 per cent stake acquisition in Akzo Nobel India
JSW Group to issue Rs 7,000 crore in zero-coupon NCDs to finance its planned 75 per cent stake acquisition in Akzo Nobel India
Key investors participated in the block deals, collectively acquiring 22.7 lakh shares at an average price of Rs 3,358.8 per share.
The target is a public listed company that is engaged in the manufacture and sale of decorative paints and industrial coatings in India, and forms part of the Akzo Nobel Group
The company notes that the transaction was executed through a bulk deal at a price of Rs 3,651 per cent, amounting to a total deal value of around Rs 734 crore
The company says that apart from the consideration payable for the transaction at completion, there are also certain contingent consideration amounts that may become payable
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