Lanco – India’s largest independent power producer – is in talks with Bain Capital and Kohlberg Kravis Roberts about offloading a 30% stake in its energy unit, worth up to $750m. Macquarie has been brought on board to broker a deal.
Lanco has been looking for an investor since at least the beginning of the year, having engaged in talks with players like US-based AES and Gaz de France.
