JSW Paints is set to acquire a 74.76% stake in AkzoNobel India from its Dutch parent for $1.1 billion, valuing the Indian unit at ₹12,000–12,200 crore. The deal will make JSW the second-largest industrial paints player in India. Financing includes ₹3,000 crore promoter equity and ₹3,000 crore bank loans. The acquisition is expected to be completed by mid-June.