J.P. Morgan Asset Management, Inc. is reportedly looking to invest in Diligent Power Private Limited. J.P. Morgan Asset Management may invest around INR 8.15 billion in Diligent Power of D. B. Corp Limited (BSE:533151). "The investment, which is likely to be announced shortly, is for $150 million", said a person aware of the plan.

The investment banker for the deal is Avendus Capital. As reported by Mint, a spokesperson for Diligent Power declined to comment, Avendus Capital said it does not respond to deal speculation and J.P. Morgan Asset Management neither confirmed nor denied the development.