AkzoNobel India has received shareholders nod for buyback, of approx 11 lakh shares for Rs.235.20 crore.

In a BSE filing the company stated, “The Board of Directors of the company in their meeting held on April 6, 2018, has recommended for approval by the shareholders, through postal ballot, a proposal to buy back its own shares by the company from the public shareholders through tender offer.” The company has fixed the tender offer price of Rs.2,100 per share.

Further, the company in a separate filing stated, the board of directors have appointed Jeremy Paul Rowe as a non-executive director of the company with effect from today.

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