TCL Technology reportedly considering the sale of its stake in its Indian television division.

TCL Technology Group Corp. is looking into the possibility of selling a stake in its Indian television manufacturing operation to local stakeholders to drive business expansion, according to unnamed sources.

The Chinese firm is collaborating with an adviser and aims to secure at least $200 million through this stake sale, the sources mentioned, requesting to remain anonymous due to the confidential nature of the discussions. Initial considerations are underway, and a deal may not materialize, they cautioned.

This potential sale is reminiscent of a recent decision made by Haier Smart Home Co., another Chinese electronics manufacturer, which last year agreed to sell a 49% stake in its Indian subsidiary to Bharti Enterprises Ltd. and Warburg Pincus, as part of its strategy to enhance its “Made in India, for India” initiative.
Also Read: Sony Cedes Control of Bravia TVs to China’s TCL Electronics

A TCL Technology spokesperson stated that the company has no pertinent information requiring public disclosure and does not comment on market speculation.