China’s Sany Heavy Is Said to Weigh Stake Sale in India Business

Chinese construction-machinery maker Sany Heavy Industry Co. is considering selling a stake in its India business, according to people familiar with the matter.

The company has held talks with prospective financial advisers as it evaluates a stake sale in Sany Heavy Industry India Pvt Ltd., the people said, asking not to be identified because the process is private. It has also sounded out potential investors, including industry peers and Indian tycoons, the people said.

Deliberations are in early stages and may not lead to any transaction, the people said. Sany representatives didn’t immediately respond to messages seeking comment. ...