Mumbai, Jan. 15 -- Global private equity firms Macquarie, Actis, Sembcorp and strategic investors such as Serentica Renewables and JSW Group are evaluating bidding for a 50% stake in Malaysian energy firm Gentari's India business, three people aware of the development said. The first round of bidding is expected towards the end of this month.

"There are half a dozen private equity and strategic investors who are keen to bid," one of the three people cited above said.

Gentari, which operates in renewable energy, EV charging networks and green hydrogen sectors in India, is seeking an enterprise valuation of $2-2.5 billion, the person cited above said on the condition of anonymity. However, due to heavy debt, the equity value of the asset ...