LG Electronics Inc.’s initial public offering of its India arm has attracted the sovereign wealth funds of Abu Dhabi, Norway and Singapore, according to people familiar with the matter.

Abu Dhabi Investment Authority, Norges Bank Investment Management and GIC Pte. are in talks to buy shares in the $1.3 billion IPO as anchor investors, the people said, asking not to be identified discussing private information. BlackRock Inc. and Fidelity International Ltd. are also slated to be part of the anchor book, they said.

India’s largest fund managers including SBI Mutual Fund, ICICI Prudential Asset Management Co. and Nippon Life India Asset Management Ltd. are set to invest as well, according to the people, who added that the makeup of anchor investors may change as deliberations are ongoing.

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