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TCL Technology Said to Mull India TV Unit Stake Sale

Dong Cao, Baiju Kalesh
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TCL Technology Group is exploring a partial sale of its Indian TV manufacturing unit to local buyers, according to insiders. The Chinese electronics giant aims to strengthen its presence in India’s competitive consumer market. The company seeks to raise at least $200 million through the stake sale, working with an adviser to facilitate the deal. Discussions remain in early stages, with no guarantee of completion. Potential investors include Indian firms or consortiums, though specific names were not disclosed. The move reflects TCL’s strategy to localize operations amid geopolitical and economic pressures. India’s booming TV market, driven by rising disposable incomes, makes it a key growth region. TCL’s unit produces smart TVs, competing with brands like Samsung and Xiaomi. The sale could help TCL reduce debt while expanding its footprint in South Asia. Final terms, including stake size and valuation, are still under negotiation.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000TCL Electronics Holdings Ltd. televisions displayed in a megastore.TCL Technology Group Corp. is considering selling a stake in its Indian television manufacturing unit to local buyers to help grow the business, people familiar with the situation said.The Chinese company is working with an adviser and seeking to raise at least $200 million from a stake sale, the people said, asking not to be identified discussing private information. Considerations are preliminary and might not result in a deal, they said.

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