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Stock Market LIVE: Market near day's high; Sensex up 170pts; Nifty above 25,600; Akzo Nobel rises 7%
Sensex Today | Stock Market LIVE on Friday, June 27, 2025: Among sectors, Nifty PSU Bank and Nifty Media indices edged 1 per cent higher each, followed by 0.7-per cent rise in the Nifty Metal
11:00 AM
Stock Market LIVE Updates: 11 AM Update- Sensex up 150 pts; Nifty above 25,600
Stock Market LIVE Updates: In the morning deals, around 11 AM, BSE Sensex gained 157 points or 0.19 per cent and was at 83,913.35. Meanwhile, NSE Nifty50 was at 25,600, up 52 points or 0.2 per cent.
Broad-based buying was seen across sectors, except for realty and private banks.
10:54 AM
Stock Market LIVE Updates: Mahindra Lifespace shares up 5%
Stock Market LIVE Updates: Mahindra Lifespace Developers shares price gained in trade on Friday, June 27, 2025, with the scrip rallying up to 4.63 per cent to an intraday high of ₹378 per share.
Around 10:10 AM, Mahindra Lifespace share price was trading 1.52 per cent at ₹366.75 per share. In comparison, BSE Sensex was trading 0.08 per cent higher at 83,821.22 levels. READ MORE
10:11 AM
Stock Market LIVE Updates: PNB Housing gets new 'Buy' from UBS on above average growth
Stock Market LIVE Updates: Prime loans currently account for 73 per cent of PNB Housing Finance's loan book, but the company is expanding into emerging and affordable segments, which better align with its AA+ credit profile, UBS said in its report. Analysts expect this diversification to drive a 16 per cent compound annual growth rate (CAGR) in assets under management between financial years (FY) 2025 and 2027, leading to a 13 per cent earnings per share (EPS) growth over the same period. READ MORE
9:48 AM
Stock Market LIVE Updates: Brokerages bullish on Nykaa's BPC growth, cautious on fashion outlook
Stock Market LIVE Updates: On profitability, Nomura sees fashion margins improving but remaining negative at -7 per cent by FY27F. Nomura concluded that while there's potential for upside, execution remains key. It values the stock at a discounted cash flow (DCF)-based target price of ₹216, calling the current ~5x FY26F EV/sales multiple 'in the fair value zone.' The brokerage has kept the ratings unchanged at 'Neutral'. READ MORE
9:35 AM
Stock Market LIVE Updates: Akzo Nobel share price zooms 7% on pact with JSW Paints
Stock Market LIVE Updates: Akzo Nobel share price was trading over 7 per cent higher on the BSE today. The rise in Akzo Nobel shares came today after the company's promoters -- Imperial Chemical Industries Limited and Akzo Nobel Coatings International B.V. -- entered into a Share Purchase Agreement with JSW Paints to sell their entire shareholding to the JSS group company.
Note: Imperial Chemical Industries Limited holds 50.46% of the company's share capital. Akzo Nobel Coatings International B.V. holds 24.30% of the company's share capital.
JSW Paints has agreed to buy upto the sellers' entire shareholding in the company, comprising 22,977,544 equity shares of Imperial Chemicals and 11,066,791 equity shares of Akzo Nobel Coatings.
The per share price for sale of shares under the SPA is ₹2,762.05
9:20 AM
Stock Market LIVE Updates: Gainers and losers after market opens
9:19 AM
Stock Market LIVE Updates: Nifty gains over 40 pts, near 25,600 after market opens
Stock Market LIVE Updates: After the stock market opened, Nifty50 edged higher by over 40 points and was trading near 25,600-mark.
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United News of India
5 hours ago
- United News of India
JSW Paints acquires Akzo Nobel India's paint business for Rs 12,915 Cr
Mumbai, June 28 (UNI) JSW Paints has officially announced that it will acquire Akzo Nobel's India paint business in a Rs 12,915 crore transaction which was executed with support from Morgan Stanley as the exclusive financial adviser to JSW Paints. Khaitan & Company provided legal advisory services, while Deloitte conducted financial and tax due diligence to execute the deal. According to a company press release, JSW Paints will acquire a 74.76 percent stake in Akzo Nobel India which makes Dulux brand of paints for Rs 8,986 crore, which will be followed by an open market offer to an additional 25 percent stake valued at Rs 3,929.06 crore. "JSW Paints entered into definitive agreements to acquire up to 74.76 percent stake in Akzo Nobel India from Akzo Nobel NV and its affiliates, for a maximum consideration under the share purchase agreement of up to Rs 8,986 crore," according to a company press release here today. JSW Paints Managing Director Parth Jindal said, "Paints is one of India's fastest growing sectors. JSW Paints is among the fastest growing paint companies. Akzo Nobel India is home to some of the most globally renowned brands of paints and coatings like Dulux, International and Sikkens. We are delighted to incorporate them into the JSW family. In collaboration with the Akzo Nobel India team, including staff, clients and associates, we aim to establish the next generation paint organisation." AkzoNobel CEO Greg Poux-Guillaume said, "This transaction is a significant milestone in the execution of our strategy. AkzoNobel India has consistently been a strong performer. We are proud of the brand and talent that have made it a success. With JSW, we are confident the business is in the hands of a long-term partner with deep local expertise and strong ambitions in the sector." UNI XC SS
India.com
6 hours ago
- India.com
Dulux paints sold! This Indian company signs Rs 89860000000 deal to buy major stake at…, becomes fourth largest paint company in India with market value of Rs…
JSW Paints, the paint company owned by the Jindal Group, has announced that it will buy a 74.7 per cent stake in the Indian unit of Akzo Nobel, the company known for selling paints under the Dulux brand in India. The deal is worth Rs. 8,986 crore. With this deal, JSW Paints has now become the fourth largest paint company in India's Rs. 80,000 to 90,000 crore paint market. Following the purchase, JSW will also be required to make an open offer to buy another 26 per cent of the company's shares from public investors, as per Indian market rules. Other bidders in the race This deal had been in discussion for some time, and JSW Paints was not the only company interested in buying Dulux. Other companies in the race included Indigo Paints and a group led by Advent International and Pidilite Industries. But under the leadership of Parth Jindal, JSW Paints managed to outbid them all. Akzo Nobel's Dutch parent company is selling its stake through two promoter entities: Imperial Chemical Industries Ltd., which holds 50.46 per cent of Akzo Nobel India Akzo Nobel Coatings International B.V., which owns another 24.30 per cent Together, these two firms are selling a combined 74.7 per cent stake to JSW Paints. JSW Paints shares future plans, aims to build a stronger brand JSW Paints Managing Director Parth Jindal has shared his excitement about the company's latest move. Talking about the recent deal to acquire Akzo Nobel India (makers of Dulux paints), he said, 'We are happy to welcome this new company into the JSW family. By working together with their employees, customers, and partners, we want to build the paint company of the future.' JSW Paints chasing a Spot in the Top 3 Since its launch, JSW Paints has struggled to break into the top 3 brands in the decorative paints market. Meanwhile, Birla Opus, the new paint brand from Grasim Industries, has made fast progress, capturing 3 to 4 per cent market share in just one quarter. JSW Paints not listed on the stock market It's important to note that JSW Paints is not a publicly listed company. However, it belongs to the larger JSW Group, whose major firms like JSW Steel and JSW Energy are already listed on the stock exchange. With the acquisition of a well-known brand like Dulux, JSW Paints is clearly aiming to expand its reach and strengthen its place in India's growing paint industry.
Economic Times
8 hours ago
- Economic Times
VRL Logistics board to meet on July 4 to consider bonus share issue
Live Events VRL Logistics share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The board of directors of VRL Logistics is set to meet on Friday, July 4, in order to consider the issue of bonus shares for its shareholders , who will be eligible as on the record date, which will be declared later.'In accordance with the extant provisions of Regulations 29 of the SEBI (LODR) Regulations, 2015 referred above, we hereby inform that, a meeting of the Board of Directors of VRL Logistics Limited (the 'Company') will be held on Friday July 4, 2025, inter alia, to consider and recommend to the shareholders, for their approval, the capitalization of reserves & retained profits for issuance of Bonus shares,' said the company in a regulatory other details have been yet disclosed by the approved, this will be the first-ever bonus issue in the history of VRL Logistics, according to the Trendlyne data. bonus share issue is when a company gives additional shares to its existing shareholders for free, in proportion to the number of shares they already hold. It is usually done to reward shareholders and is issued from the company's accumulated example, in a 1:1 bonus issue, a shareholder receives one extra share for every one share held. While the number of shares increases, the overall value of the investment remains the same initially, as the share price adjusts issues do not involve any cash outflow and are often seen as a sign of the company's confidence in its future the past one year, the shares of VRL Logistics have gained 1.98%. On a year-to-date (YTD) basis, it is up 12.42%, while the six-month return stands at 11.57%. In the last three months, the stock has delivered a strong return of 21.09%. However, over the past one month, the gain has been marginal at just 0.10%.On Friday, VRL Logistics shares closed flat at Rs 573.10 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
