Tata and Adani groups as well as power utility company CESC Ltd are aiming to join the race for 51% stake each in BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd, investment bankers told Business Standard.
Meanwhile, private equity firm Creador has emerged as the frontrunner to acquire a minority stake in Shriji Polymers (India) Ltd, a packaging solution provider for the pharmaceutical industry.
The investor will buy about 20% stake in Shriji, which will comprise the 13% stake held by Tata Capital Healthcare Fund and a primary capital infusion, valuing the firm at around Rs 1,200 crore ($158 million at current exchange rate), two people in the know told The Economic Times.
Other players chasing the stake include Kedaara Capital, ChrysCapital and Goldman Sachs.
Creador has signed an exclusivity agreement with the existing investor, said one of the persons.
Tata Capital Healthcare Fund had invested Rs 40 crore in Ujjain-based Shriji in October 2015.