New Delhi, Dec. 29 -- Gurugram-headquartered JBM Group has signed an exclusivity agreement to acquire a majority stake in GLIDA, the Indian electric vehicle (EV) charging network of Finnish state-run energy utility Fortum Oyj, two people aware of the development said.

The deal will mark the complete exit of the third-largest Nordic power company from India, a market it entered in 2012.

London-based Opus Corporate Finance Llp is advising on the transaction, code-named Butterfly, for GLIDA, formerly known as Fortum Charge & Drive India. Mint had earlier reported that Adani TotalEnergies E-mobility Ltd, Reliance BP Mobility Ltd and JBM Group had signed non-disclosure agreements (NDA) for the proposed deal.

"JBM Group has signed an exclusi...