Race for Akzo Nobel's India business heats up as Blackstone, other PE firms join race

The competition to acquire Akzo Nobel NV's India business has intensified with the entry of global investment firm Blackstone alongside other PE funds like Warburg Pincus and Carlyle Group. Rivals JSW Paints and Pidilite Industries are also interested, while Aditya Birla Group and Berger Paints have opted out.