Gautam Adani among potential suitors for a stake in govt-backed PTC

A stake for sale in state-backed electricity trader PTC India 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 conglomerates are also evaluating whether to bid, one of the people said.

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