Standard Chartered Private Equity Limited (SCPE) is seeking to rope in its investors for the acquisition Alliance Tire Group from Warburg Pincus LLC and other investors. Warburg holds 72% in Alliance. Other investors who have also shown interest in acquiring Alliance Tire includes Advent International Corporation, TPG Capital, L.P., Temasek Capital, Kohlberg Kravis Roberts & Co., Bain Capital, LLC and The Carlyle Group LP.

The stake held by Warburg and other investors is valued at around $400 million. SCPE officials refused to comment to Business Standard. Mails sent to Ashok Mahansaria, Founder and Promoter of Alliance, and Niten Malhan, Managing Director of Warburg Pincus India, did not elicit any response to Business Standard.