An international investor will buy 42% stake in Singer India's holding entity
Singer India, however, did not share the name of the investor or the deal size.
PTI
Representative image.
Small appliances firm Singer India on Tuesday said an international investor will acquire 42 percent stake in the holding entity of the India business.
Retail Holdings India BV is a promoter entity of Singer India Ltd.
"Retail Holdings Asia BV, has entered into an agreement with an international private investor to sell approximately 42 percent of its equity interest in its 100 percent owned subsidiary, Retail Holdings India BV to the investor,” Singer India said in a regulatory filing.