Analysts believe the proposed buyout will bolster the presence of JSW Paints in the decorative paints segment and the firm stands to benefit from the well-recognised Dulux brand

MUMBAI: JSW Paints, part of the diversified JSW Group, has signed a definitive agreement to acquire up to 74.76% stake in the larger rival and the Dulux-maker Akzo Nobel India for Rs 8,986 crore, marking one of the largest deals in the around Rs 90,