Sajjan India Limited is exploring to sell a controlling stake in the family-driven entity as it looks to reap benefits of a post-pandemic capital inflow into core industrial assets across emerging markets. The firm, controlled by Madhav Prasad Aggarwal, has hired investment bank JPMorgan Chase & Co. (NYSE:JPM) to run the sale process, according to multiple people aware of the development.

The company is expected to be valued at around INR 80,000 million, said one of the persons cited above. Feelers were sent to large buyout funds such as KKR & Co. Inc. (NYSE:KKR), TPG Capital, L.P., The Carlyle Group Inc. (NasdaqGS:CG), Temasek Holdings (Private) Limited and Advent International Corporation.

When contacted, Sajjan India spokesperson declined to comment. Mails sent to KKR, TPG, Advent, Temasek and Carlyle dis not elicit any responses.