 "Deals, mergers,")
TPG Inc. is considering the sale of a 52% stake in Indian renewable energy company Fourth Partner Energy, according to people familiar with the development.
The private equity firm is working with an adviser on the deal, said the people, who asked not to be identified as the information is private. A stake sale could value Fourth Partner at around $600 million, the people said.
Deliberations are ongoing and TPG could decide to keep its stake for longer, the people said. Representatives for Fourth Partner and TPG declined to comment.
The Texas-based investor put $70 million into Fourth Partner in
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