Aditya Birla Group is seeking to acquire U.S. carbon black manufacturer, Columbian Chemicals, The Wall Street Journal reports. The Indian conglomerate has offered to pay $800 million in cash for the acquisition. The Mumbai-based company, which has named JP Morgan as its advisor, is also in talks with banks, including Deutsche Bank and RBS, to tie up acquisition funds, adds Business Standard. Georgia-based Columbian Chemicals is 66.75%-owned by One Equity Partners, an investment banking group held by JP Morgan Chase.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Business Standard.