Sintex in talks with TPG, Blackstone, Carlyle to sell stake in Sintex Plastics
TPG Capital, Blackstone Group, Carlyle Group have shown interest in Sintex Plastics, which makes water tanks, to pick up a minority stake worth $200 million
Mumbai: Sintex Industries Ltd, the world’s largest maker of plastic water tanks, is in talks with private equity (PE) funds to sell a minority stake in its newly demerged entity—Sintex Plastics Technology Ltd, according to two people aware of the development.
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