India’s JSW Infra Said to Hire Banks for $850 Million Share Sale

Indian ports operator JSW Infrastructure Ltd. is preparing to raise as much as 80 billion rupees ($850 million) through a share sale to institutional investors as soon as next month, according to people familiar with the matter.

The company has selected four investment banks including JM Financial Ltd., HSBC Holdings Plc, DAM Capital Advisors Ltd. and Jefferies Group LLC to manage the offering, the people said, asking not to be identified as the information is private. Deliberations are ongoing and details of the transaction could change, they said.