Actis, JSW, Gemstar Bid for Polaris

Private equity firms Actis, JSW Energy, and Gemstar Infra are shortlisted for the second round of negotiations to acquire Polaris Smart Metering. Binding bids are expected by the end of October, with the deal potentially valuing the company at about ₹1,800-2,000 crore. The US-based I Squared Capital, which invested $100 million in February 2023, is exploring an exit.