JSW, Gemstar, Actis compete to acquire Polaris smart metering business

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JSW Infrastructure, Gemstar, and Actis are competing to acquire Polaris Smart Metering from its parent company, Polaris Medtech. The deal is estimated to be worth between Rs 1,500 to 2,000 crore. A binding financial bid is expected by the end of May. The sale is part of Polaris Medtech's strategic decision to exit the smart metering sector.

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