Asian Paints, India’s largest paint-maker by market share, has divested its entire 4.42% stake in Akzo Nobel India, fetching ₹734 crore through a bulk deal at ₹3,651 per share. This strategic exit follows JSW Paints’ pending acquisition of a controlling 74.76% stake in Akzo Nobel India for ₹8,986 crore, positioning JSW as the fourth-largest player in the decorative paints sector. The move reflects a rapidly evolving competitive landscape, with consolidation trends reshaping industry dynamics.