Leading equity funds vying for investing in JSW Infrastructure

JSW Infrastructure Ltd, the privately-owned port company of JSW Group is being contended for investment by leading equity funds, as per an ET report.

JPMorgan-managed infrastructure fund, which is in separate talks with Sajjan Jindal , Chairman, Managing Director of JSW Steel, is looking to invest up to $200 million for a minority stake in the company , the report said.

Other equity funds like US private equity groups Carlyle and TPG Capital Management along with domestic infrastructure asset manager IDFC Alternatives, are also vying for investment opportunity in the firm, stated the report.

JSW Infrastructure has planned an IPO18 months down the line and the stake sale would act as a precursor to the same, as mentioned in the report.