Akzo Nobel to consider share buy-back in its board meeting on May 21

Akzo Nobel India Ltd., the largest global paints and coatings company and a leading producer of specialty chemicals, yesterday said it will also consider a proposal by the company to buy-back its own shares in the board meeting, scheduled to be held on May 21.

The Board of Directors' meeting on May 21 will be held to consider the Audited Financial Results of the Company for the year ended March 31, 2012 and also recommend dividend for the said financial year, the company said in a filing to the Bombay Stock Exchange.

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