AkzoNobel Eyes $1.7B Sale of India Paints Biz

• AkzoNobel may sell its consumer paints business in India for $1.5-1.7 billion, with Pidilite, JSW Paints, and Indigo Paints entering the second round of bids.
• The industrial coatings business might remain with AkzoNobel, though a full sale could push the valuation to $2.2 billion.
• The final decision on the assets to be sold is pending, with due diligence expected to take 4-5 months.

Source: Mint, Mint