The announcement was made during trading hours today, 3 February 2012.
Meanwhile, the BSE Sensex was up 173.39 points, or 0.99%, to 17,605.24
On BSE, 1.37 lakh shares were traded in the counter as against an average daily volume of 1578 shares in the past two weeks.
The stock hit a high of Rs 948 and low of Rs 810 so far during the day. The stock had hit a 52-week low of Rs 680.05 on 24 February 2011 and 52-week high of Rs 1045 on 28 July 2011.
Akzo Nobel India board of directors will also consider Q3 December 2011 results and examine a proposal for review of the royalty arrangement with parent firm Akzo Nobel NV at the board meet scheduled on 14 February 2012.
AkzoNobel India (previously known as ICI India) manufactures and markets paints, specialty chemicals and starch.
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