China's Sany Heavy Is Considering Stake Sale in India Business.

Chinese construction-machinery maker Sany Heavy Industry Co. is exploring the possibility of selling a stake in its India business, as reported by Bloomberg. The company has engaged with financial advisers and potential investors, including industry peers and Indian tycoons. This move is part of a trend where multinational companies are looking to raise funds and streamline operations in India, potentially by bringing in local partners. Sany's India manufacturing facility in Pune produces a range of construction equipment, and the company's shares have seen a 23% increase in the past year. [Extracted from the article]