Earlier, one of the persons said, Aditya Birla Group flagship Grasim Industries Ltd and Adani Group were approached for the deal, since some of their subsidiaries are engaged in construction and real estate that requires paints and coatings.
"The discussions with the two groups (Aditya Birla group and Adani Group) remained inconclusive. Now, the names at the top of the list of bidders have changed, with valuations being negotiated at $2.1-2.5 billion," one of the two people cited above said on the condition of anonymity.
Akzo Nobel NV, Europe's largest paint maker, has hired Citigroup to sell its 74.6% stake in the Indian unit.
هذه القصة مأخوذة من طبعة December 18, 2024 من Hindustan Times Bengaluru.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 18, 2024 من Hindustan Times Bengaluru.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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