Reuters
13 Mar 2008
MUMBAI (Reuters) - General Electric Co (GE.N: Quote, Profile, Research) is sizing up strategic investors for GE Money's personal and home loan units in India in a deal that may total about $400 million.
Morgan Stanley (MS.N: Quote, Profile, Research) is reviewing expressions of interest, which sources and Indian papers said have come from about a dozen local and foreign firms, including Tata Capital, Future Capital, Indiabulls Financial Services (IBUL.BO: Quote, Profile, Research), and foreign banks.
Private equity firms including Carlyle Group CYL.UL, ChrysCapital, Newbridge Capital and Temasek TEM.UL unit Fullerton were also interested, local papers said.
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