New Delhi, May 1 -- Finnish state-run energy power utility Fortum Oyj's efforts to offload a majority stake in its electric vehicle (EV) charging network business in India has zeroed in on three potential suitors-Adani TotalEnergies E-mobility Ltd (ATEL), Reliance BP Mobility Ltd (Jio-bp) and Gurugram-headquartered electric bus manufacturer JBM Group-according to two people aware of the development.

"Adani TotalEnergies, Jio-bp and JBM Group have signed NDAs (non-disclosure agreements) and are evaluating the deal, post which bids will be submitted," one of the two people cited above said, requesting anonymity.

London-based Opus Corporate Finance Llp is running the transaction (termed Butterfly) for the EV chargingbusinessGLIDA, formerly...