Rajani Associates Advises Akzo Nobel India's Independent Directors on JSW Paints Open Offer

"Rajani Associates advised the Committee of Independent Directors of Akzo Nobel India Limited on the reasoned recommendations relating to the Open Offer by JSW Paints Limited, which was triggered by a Share Purchase Agreement between JSW Paints and the promoters to acquire their shareholding."

Rajani Associates advised the Committee of Independent Directors of Akzo Nobel India Limited in relation to the reasoned recommendations to be issued by the Committee on the Open Offer by JSW Paints Limited and other acquirers. The Open Offer was triggered by the execution of a Share Purchase Agreement between JSW Paints and the promoters of Akzo Nobel India Limited pursuant to which the promoters agreed to sell their shareholding in the company. JSW Paints had acquired a stake in Akzo Nobel India earlier in the year, prompting the mandatory Open Offer under applicable takeover regulations. Rajani Associates represented the Committee of Independent Directors of Akzo Nobel India Limited with a team composed by: Prem Rajani (Managing Partner), Rajeev Nair (Partner) and S. Shivganesh (Senior Associate).

Rajani Associates Advises Akzo Nobel India's Independent Directors on JSW Paints Open Offer

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