Adani Group and I Squared Capital-backed AG&P City Gas, as well as Canadian funds Canada Pension Plan Investment Board and Brookfield are in initial talks to buy Morgan Stanley’s stake in Unison Enviro in a deal valuing the city gas distribution company at $150-200 million.
US private equity firms such as the Carlyle Group have also been reached out for a potential investment, as an India infrastructure fund managed by the Wall Street bank looks to monetise its four-year-old investment, people with direct knowledge of the process told ET.
