Private equity investors TPG, Tokyo Electric Power Company (Tepco) and Brookfield are in advanced talks to buy a minority stake in JSW Neo Energy, said people with knowledge of the matter.
The subsidiary of listed JSW Energy may sign a deal with two of these funds in the coming weeks, they said. JSW Group is looking to raise up to $500 million from the stake sale, which is expected to be used for further expansion in renewable energy.
