General Atlantic, Blackstone said to vie for minority stake in India’s Syska LED

Lightbulbs against the backdrop of a sky

US-based private equity firms General Atlantic, Blackstone and TA Associates have evinced interest in Syska LED Lights Pvt. Ltd which plans to sell a significant minority stake, said two people aware of the matter, requesting anonymity.

Promoters of Syska, one of India’s leading LED (light-emitting diode) lighting solutions provider, are seeking to sell 40-49% stake in the company at a valuation of 3,500-4,000 crore, said the first person cited above.

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