Akzo Nobel India to explore sale of powder coatings biz, R&D to indirect arm of parent firm

Akzo Nobel India Ltd's board has decided to explore selling its powder coatings business and R&D operations to Akzo Nobel NV. They will also consider the potential acquisition of decorative paints intellectual properties. This move follows a request by the company's parent firm. The board has authorized management to start the evaluation of these potential transactions.