No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, December 21, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Akzo Nobel India block deals: Promoter offloads Rs 765 crore stake; Nippon, Goldman, Citi among buyers

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 2 mins read
A A
Akzo Nobel India block deals: Promoter offloads Rs 765 crore stake; Nippon, Goldman, Citi among buyers
Share on FacebookShare on TwitterShare on LInkedIn


Akzo Nobel India’s promoter entity Imperial Chemical Industries today sold over 22.77 lakh shares worth Rs 765 crore via multiple block deals to marquee international and domestic funds. The shares were sold at a price of Rs 3,358.8 apiece to Goldman Sachs, Citigroup, BNP Paribas, Societe Generale, Morgan Stanley, Nippon India Mutual Fund, Aditya Birla Sunlife Mutual Fund and Edelweiss Life Insurance Company.

Nippon was the top buyer at Rs 274 crore and was followed by WF Asian Smaller Companies Fund and Goldman Sachs.

Block deal details

— Nippon India Mutual Fund bought 8,14,894 shares worth Rs 273.70

— WF Asian Smaller Companies Fund bought 5,28,500 shares at Rs 177.5 crore

— Goldman Sachs bought shares worth Rs 151.50 crore

Live Events

— Citigroup bought shares worth Rs 35.2 crore– Baroda BNP Paribas MF bought 74,820 shares at a deal size of Rs 25.13 crore– Aditya Birla Sunlife MF bought 45,986 shares at Rs 15.4 crore– Mediolanum Best Brands- Mediolanum India Opportunities bought 36,905 shares at 12.4 crore bought shares worth Rs 10 crore, each

— BNP Paribas Financial Markets, Societe Generale, Morgan Stanley, Bandhan MF, Edelweiss, Ghisallo Master Fund LP

— New York State Teachers Retirement System bought 24,407 shares worth Rs 8.2 crore

— GS India Equity bought 16,128 shares at a consideration of Rs 5.41 crore.

Akzo Nobel India is an Indian subsidiary of Amsterdam-based AkzoNobel.

The shares were sold at a discount of 1% over the Tuesday closing price of Rs 3,394.65. Today the shares ended at Rs 3390.75 on the BSE, declining by Rs 3.90 or 0.11%.

It has been a market laggard falling 8% over the past one year and shares are currently trading below their 50-day and 200-day simple moving averages of Rs 3,518.2 and Rs 3,481, respectively.

Also Read: NDR InvIT Trust bulk deals: Radhakishan Damani picks Rs 100 cr stake; Rakesh Jhunjhunwala trust invests Rs 67 cr

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Add ET Logo as a Reliable and Trusted News Source



Source link

Tags: AkzoamongBlockBuyersCiticroreDealsGoldmanIndiaNipponNobeloffloadsPromoterstake
ShareTweetShare
Previous Post

Aleph Raises $29M to Build the Future of AI-Native Financial Planning and Analysis – AlleyWatch

Next Post

Oracle is embarking on a unique succession experiment: A company worth $870 billion run by 4 leaders

Related Posts

edit post
Georgia regulators OK 50% power capacity boost, betting AI data center demand will materialize

Georgia regulators OK 50% power capacity boost, betting AI data center demand will materialize

by TheAdviserMagazine
December 20, 2025
0

Georgia’s only private electric utility plans to increase power capacity by 50% after state regulators on Friday agreed 5-0 that...

edit post
Elon Musk adds to his 9 billion fortune after Delaware court awards him  billion pay package

Elon Musk adds to his $679 billion fortune after Delaware court awards him $55 billion pay package

by TheAdviserMagazine
December 20, 2025
0

Elon Musk, already the world’s richest man, scored another huge windfall Friday when the Delaware Supreme Court reversed a decision...

edit post
Can XRP (Ripple) Reach  in 2026?

Can XRP (Ripple) Reach $3 in 2026?

by TheAdviserMagazine
December 20, 2025
0

XRP is a token issued on the Ripple payments network. It experienced two brief price surges in 2025, but has...

edit post
Bill Gates says misinformation is the burden passed to children, after daughter harassed online

Bill Gates says misinformation is the burden passed to children, after daughter harassed online

by TheAdviserMagazine
December 20, 2025
0

There are many problems billionaire tech tycoon Bill Gates is hoping to help solve: eradicating polio, water sanitization, and agricultural...

edit post
What Do Investors Need to Know About XLK and FTEC?

What Do Investors Need to Know About XLK and FTEC?

by TheAdviserMagazine
December 20, 2025
0

XLK is far larger and more liquid than FTEC, though both charge identical fees and track the U.S. technology sector...

edit post
OpenAI vs. Apple? Sam Altman is setting his sights on an even higher-stakes AI battle

OpenAI vs. Apple? Sam Altman is setting his sights on an even higher-stakes AI battle

by TheAdviserMagazine
December 20, 2025
0

All eyes are on the Big Tech LLM race and, at least in the eyes of investors, it seems like Google...

Next Post
edit post
Oracle is embarking on a unique succession experiment: A company worth 0 billion run by 4 leaders

Oracle is embarking on a unique succession experiment: A company worth $870 billion run by 4 leaders

edit post
Coinbase to List First Singapore Dollar Stablecoin in Collaboration with StraitsX

Coinbase to List First Singapore Dollar Stablecoin in Collaboration with StraitsX

  • Trending
  • Comments
  • Latest
edit post
How Long is a Last Will and Testament Valid in North Carolina?

How Long is a Last Will and Testament Valid in North Carolina?

December 8, 2025
edit post
In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

December 14, 2025
edit post
Democrats Insist On Taxing Tips        

Democrats Insist On Taxing Tips        

December 15, 2025
edit post
Detroit Seniors Are Facing Earlier Shutoff Notices This Season

Detroit Seniors Are Facing Earlier Shutoff Notices This Season

December 20, 2025
edit post
Living Trusts in NC Explained: What You Should Know

Living Trusts in NC Explained: What You Should Know

December 16, 2025
edit post
How to Make a Valid Will in North Carolina

How to Make a Valid Will in North Carolina

November 20, 2025
edit post
Meta’s Dina Powell McCormick quits board, may stay on as adviser

Meta’s Dina Powell McCormick quits board, may stay on as adviser

0
edit post
10 Things You Should Stockpile Before 2026 Tariffs Hit

10 Things You Should Stockpile Before 2026 Tariffs Hit

0
edit post
Quality of Earnings: A Critical Lens for Financial Analysts

Quality of Earnings: A Critical Lens for Financial Analysts

0
edit post
Michael Hudson: Trump Floundering Efforts to Shore Up US Hegemony

Michael Hudson: Trump Floundering Efforts to Shore Up US Hegemony

0
edit post
GQG Partners’ India Portfolio: 4 stocks soar up to 40% in FY26, others struggle – Portfolio Tracker

GQG Partners’ India Portfolio: 4 stocks soar up to 40% in FY26, others struggle – Portfolio Tracker

0
edit post
Seats.aero Award Search Tool: An Expert’s Go-To

Seats.aero Award Search Tool: An Expert’s Go-To

0
edit post
Georgia regulators OK 50% power capacity boost, betting AI data center demand will materialize

Georgia regulators OK 50% power capacity boost, betting AI data center demand will materialize

December 20, 2025
edit post
Elon Musk adds to his 9 billion fortune after Delaware court awards him  billion pay package

Elon Musk adds to his $679 billion fortune after Delaware court awards him $55 billion pay package

December 20, 2025
edit post
Can XRP (Ripple) Reach  in 2026?

Can XRP (Ripple) Reach $3 in 2026?

December 20, 2025
edit post
Apple Watch vs. Oura Ring vs. WHOOP + More: Which Fitness Tracker Is Worth Your Money in 2026?

Apple Watch vs. Oura Ring vs. WHOOP + More: Which Fitness Tracker Is Worth Your Money in 2026?

December 20, 2025
edit post
Bill Gates says misinformation is the burden passed to children, after daughter harassed online

Bill Gates says misinformation is the burden passed to children, after daughter harassed online

December 20, 2025
edit post
What Do Investors Need to Know About XLK and FTEC?

What Do Investors Need to Know About XLK and FTEC?

December 20, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Georgia regulators OK 50% power capacity boost, betting AI data center demand will materialize
  • Elon Musk adds to his $679 billion fortune after Delaware court awards him $55 billion pay package
  • Can XRP (Ripple) Reach $3 in 2026?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.