Akzo Nobel India's shares reached an all-time high on October 9, climbing nearly 22% in just two trading days. The surge followed news of Asian Paints' potential interest in acquiring Akzo Nobel's India assets.
During an interview, Asian Paints CEO Amit Syngle mentioned that there are intriguing parts of Akzo Nobel's business, although he stated it was too early to discuss specific details. On October 9, the stock soared 18.61%, hitting a new high of ₹4,649 per share on the NSE, following a 3.12% increase the day before.