TPG Capital and Farallon Capital express interest in GTL infrastructure

It is believed that a host of international private equity players, including TPG Capital and Farallon Capital have expressed interest in GTL infrastructure.

The expected valuation for the company is around Rs 105 billion. However, it is believed that the potential buyers find this valuation too high.

The company is undergoing a Rs 100 billion Corporate Debt Restructuring (CDR) procedure. It has a total debt of Rs 120 billion.