Adani Among Potential Suitors Eyeing Stake in India-Backed Power Trader
- Other conglomerates may join the race for the trading unit
- Bids for the minority stake are due as soon as January
This article is for subscribers only.
A stake for sale in state-backed electricity trader PTC India Ltd. is attracting initial interest from potential suitors including Asia’s richest man Gautam Adani, according to people familiar with the development.
Adani is among possible bidders reviewing preliminary information on the business, the people said, asking not to be identified as the information is private. Other Indian conglomerates are also evaluating whether to bid, one of the people said.