JSW Paints on Friday entered into definitive agreements to acquire up to 74.76% stake in AkzoNobel India Limited for ₹8,986 crore. This deal will make Jindal-owned paint maker the fourth-largest player in India’s paints market. The proposed transaction is subject to approval from the Competition Commission of India. The deal includes AkzoNobel’s liquid paints and coatings business in India.