Analysts believe the proposed buyout will bolster the presence of JSW Paints in the decorative paints segment and the firm stands to benefit from the well-recognised Dulux brand
A final decision in the ongoing hotly contested sale process is yet to be taken by Amsterdam, Netherlands-headquartered Akzo Nobel N.V
As part of the programme, AkzoNobel will invest 22 million euros ($22.7 million) into its Montataire site in Northern France
Dulux's share at 5 percent of the Indian paints market may be minuscule compared to bigger rivals such as Asian Paints and Berger Paints but its strong presence in the premium segment gives it a hard-to-beat cachet
The company had posted a net profit of Rs 43.51 crore in the corresponding period of the previous fiscal.
Deal data seems to suggest that Porinju Veliyath of Equity Intelligence has recently cornered close to 100,000 shares of Shalimar Paints at Rs 197.84 a share.
Net profit slipped by 1.0 percent to 970 million euros (USD 1.02 billion) "mainly due to lower incidental items compared to 2015," the Amsterdam-based group said.
AkzoNobel, the leading global paints and coatings company and the makers of Dulux paints in India, presented Monarch Gold as the ...
In an exclusive chat with CNBC-TV18, AkzoNobel Global‘s CEO Ton Buchner said that though the first quarter of 2015 have been impacted by several global movements, he is confident that sales will pick up in 2015.
About half of the different types of raw materials used in manufacturing coatings are imported into India, which corresponds to approximately 30 percent of raw material requirements. Most are petrochemical based, and therefore fluctuations in crude oil pricing and changes in import duties had a significant impact on profitability.
Paint and coating company AkzoNobel today announced the launch of its new single global brand identity in India for its consumer paint range, including Dulux, Flexa and Levis.
The midcap space has underperformed the largecaps for over a year. However, Religare Capital Markets' Manoj Singhla finds midcaps are far more attractive than their larger peers.