JSW Paints and a consortium of Advent International and Indigo Paints are vying to acquire Akzo Nobel India, the owner of Dulux Paints, as Akzo Nobel NV seeks to exit the Indian market amidst intense competition. Pidilite Industries is also interested, primarily in Akzo’s decorative business.
NSE IPO closes with 5.71x subscription, bids cross Rs 90,000 crore
Investor enthusiasm surged on the final day of the National Stock Exchange’s landmark IPO, with qualified institutional buyers oversubscribing their segment by more than twelve