China’s TCL in talks with local companies to sell 51% in Indian plant
Kolkata: China’s top television maker TCL Electronics is in talks with several Indian companies to sell a 51% stake in its display manufacturing plant in the country, seeking $600-800 million (₹5,708-₹7,611 crore) for the divestment, said four senior industry executives.
Standard Chartered, which is advising TCL on the deal, is in discussions with Dixon Technologies, Epack Durable, Syrma SGS Technology, Amber Enterprises, and Uno Minda, the executives said, noting the talks are at an early stage. Havells was approached but the company is not keen on investing in display backward integration.
