<h1>Paint company acquires Dutch manufacturer's Indian unit for Rs 12,915 crore through 74.76% stake purchase and open offer</h1> A paint company acquired a Dutch paint manufacturer's Indian unit for Rs 12,915 crore, purchasing 74.76% stake for Rs 8,986 crore and launching an open offer for remaining 25% shares worth Rs 3,929 crore. The transaction values the target at approximately 1.4 billion euros with 22x EV/EBITDA multiple. The deal requires regulatory approvals from competition authorities and will make the acquiring company the fourth-largest player in India's paint industry. The Dutch parent will retain powder coatings business and research center while using proceeds for deleveraging and share buybacks.