India Digest: KKR, Baring PE Asia in fray for CitiusTech; BASF-Archroma in M&A

Private equity firms KKR, Baring Private Equity Asia, and Apax Partners have emerged as frontrunners to buy IT firm CitiusTech. In another development, BASF said it is selling its stilbene-based optical brightening agents (OBA) business to Archroma India.