TPG may well wage as much as Rs 65 apiece in a share selling premeditated by Time Technoplast, the paper thought, citing a person familiar with the negotiations.
Time Technoplast's shares ended by the side of Rs 50.15 in the Mumbai marketplace on Monday.
The company is at present valued by the side of $230 million, according to Reuters data.
"Several funds, together with TPG, maintain requested us to consider them in the company's resource-raising problem through justness dilution if and whilst it materialises," the tell quoted Time Technoplast's Finance Director Bharat Vageria as aphorism.
The Indian safe was yet to decide on whom to include as investors and rebuff agreement has been finalised, the paper thought.