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International investor to acquire 42 per cent stake in Singer India’s holding entity
Appliances firm Singer India on Tuesday said an international investor will buy 42 per cent stake in the holding entity of the India business.
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| A+A A- By Express News Service
CHENNAI: Appliances firm Singer India on Tuesday said an international investor will buy 42 per cent stake in the holding entity of the India business.
Retail Holdings India BV is a promoter entity of Singer India Ltd.
The company, however, neither shared the name of the investor nor the deal size.
“Retail Holdings Asia BV, has entered into an agreement with an international private investor to sell approximately 42 per cent of its equity interest in its 100 per cent owned subsidiary, Retail Holdings India BV to the investor,” Singer said in a regulatory filing.
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