I Squared Capital plans exit from Polaris Smart Metering with $200 million valuation in play

Deal talks kick off after Polaris snaps new state contracts

I Squared Capital is preparing to exit its stake in Polaris Smart Metering, hiring an investment bank to manage the sale. The company is valued at about $200 million and has secured smart meter installation contracts in Uttar Pradesh and West Bengal. Polaris also recently raised financing from British International Investment, adding momentum as the exit process begins.