Considerations are preliminary and GIC could still decide against pursuing a deal, the people said. Representatives for GIC and JPMorgan declined to comment.
GIC is working with JPMorgan Chase & Co. to help advise on a strategic review of options including a sale of its 50% stake in India’s Greenko Energy Holdings, people familiar with the matter said, in what could be one of the biggest disposals in the country.
The Singapore state investor is moving ahead with preparations for a potential deal that could involve a full or partial sale of its holding in Greenko, the people said, asking not to be identified because the deliberations are private. Some investment funds and strategic firms have expressed preliminary interest, the people said.
