TCL Technology Said to Mull India TV Unit Stake Sale

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.