Deal: Trilegal advised AkzoNobel on completion of sale of AkzoNobel India to the JSW Group

Trilegal has advised Akzo Nobel N.V. (AkzoNobel) on the successful completion of the sale of majority stake in Akzo Nobel India Limited (ANIL) to the JSW Group, marking a major milestone in the execution of AkzoNobel’s global strategic portfolio review announced in October 2024.

The transaction, one of the largest acquisitions in India’s paints and coatings sector, covers AkzoNobel’s liquid paints and coatings business in India. AkzoNobel’s India Powder Coatings business and its International Research Center remain fully owned by AkzoNobel and continue as part of its global network.

Trilegal advised AkzoNobel on all Indian legal aspects of the transaction, including corporate structuring, legal due diligence, regulatory analysis under Indian securities and competition laws, and drafting and negotiating the definitive transaction documentation. The firm also supported AkzoNobel on closing-related requirements associated with the transfer of a listed business of this scale and complexity.

The Trilegal Team was led by Partners: Yogesh Singh, Ankush Goyal, Prarthna Baranwal, and Sumi Saikia. The corporate team also included Senior Associates: Amit Nain, Ananya Kumar, Shiluti Walling, and Suyash Bhamore; and Associates:  Praduta Singh and Sakshi Sharma.

The Trilegal Real Estate Team advising on the matter was led by Partners: Sadaf Shaikh and Mridul Kumbalath; and supported by Counsels: Dilnaz Bapasola and M U Ganashruthi; Senior Associate: Roshini Bansal; and Associate: Parth.

The Trilegal Intellectual Property Team advising on the matter was led by Partner: Kirti Balasubramanian; and supported by Associate: Paarth Samdani.

The Trilegal Anti-Bribery and Anti-Corruption Team advising on the matter was led by Partners: Kunal Gupta and Siddharth Gupta; and supported by Counsel: Sahil Bansal; and Associate: Vidushi Gupta.

The Trilegal Employment Law Team advising on the matter was led by Partner: Swarnima; and supported by Senior Associate: Sohail Hafesjee; and Associates: Aaryana Anand, and Sahana R.

The Trilegal Tax Team advising on the matter was led by Partners: Himanshu Sinha and Komal Dani; and supported by Counsels: Rohit Kumar S and Yash Varmani; Senior Associates: Anjani Kumar, Deepanshu Jhanwar, Samyak Jain, and Utkarsh Mittal; and Associates: Hema Preethi, Ishabh Verma, and U Shreyas.

The Trilegal Competition Team advising on the matter was led by Partner: Gautam Chawla; and supported by Counsel: Ankush Walia; Senior Associate: Madhav Kapoor; and Associates: Akanshha Agarwal and Umang Chaturvedi.  

The Trilegal Technology, Media and Telecommunications Team advising on the matter was led by Partner: Jyotsna Jayaram; and supported by Senior Associate: Sidharth Ray; and Associates: Anushka Gupta, Joseph Antony Padikkala, and Pranay Jalan.

The Trilegal Capital Markets Team advising on the matter was led by Partners: Bhakta Patnaik and Albin Thomas; and supported by Counsel: Malika Grewal.

The Trilegal Environment Law Team advising on the matter was led by Partner: Rajat Jariwal; and supported by Senior Associate:  Gaurav Sharma; Consultant: Nishtha Kumar; and Associate: Dev Chand.

The Trilegal Financial Regulatory Practice advising on the matter was led by Partner: Anubhav Ghosh.

The Trilegal Corporate Governance and Compliance Team advising on the matter was led by Partner: Sampath Kumar; and supported by Senior Associate: Nikita Vijay; Senior Consultant: Charu Tiwari; and Consultant: Jitesh Goyal.  

Our Dispute Resolution team advising on the matter was led by Partner Nitesh Jain.

About Trilegal

Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With 150 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,200 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.

Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024.

For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com