Akzo Nobel shares nosedive 15% as Imperial Chemical likely offloads 48.8 lakh shares via block deal

Akzo Nobel India shares plunged 15% to Rs 3,080 on Wednesday following reports of Imperial Chemical Industries selling a 9% stake via a block deal at a discounted price. This occurred despite the company reporting a significant 2119.8% rise in Q2FY2025-26 net profit, though revenue and EBIT saw slight declines.