JSW Steel up 0.7% on plans to buy Akzo Nobel for Rs 9,000 cr

JSW Steel found itself in the limelight today – not for steel, but for colour. The stock edged up as investors reacted to a bold move: JSW Paints (part of the JSW Group) has sealed a deal to acquire a controlling stake in Akzo Nobel India, the maker of Dulux paints. It’s a game-changing Rs 9,000 crore bet that could help the group paint a more resilient growth picture. What’s happening JSW Steel shares rose around 0.65 per cent to Rs 1,035.5 in Friday’s trade. The news of JSW Paints acquiring a 74.76 per cent stake in Akzo Nobel India sparked optimism, with investors seeing this as a smart diversification into a high-margin, consumer-facing business. Market watchers are calling it one of the most ambitious deals in India’s paints sector. Why the market liked it Diversification kicker: Paints bring steady, high-margi