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Akzo Nobel shares rise on buyback plan
After institutional investors raised governance issues against a proposed plan to merge unlisted entities, the promoters of paint maker Akzo Nobel India have offered juicy exits to a few of them. The promoters have used the creeping acquisition route to buy significant stakes from a few dissenting shareholders, including mutual funds. "We have sold significant shares to the promoters. But, we have
After institutional investors raised governance issues against a proposed plan to merge unlisted entities, the promoters of paint maker Akzo Nobel India have offered juicy exits to a few of them. The promoters have used the creeping acquisition route to buy significant stakes from a few dissenting shareholders, including mutual funds. "We have sold significant shares to the promoters. But, we have
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