The plan of General Electric Co. to sell the the Indian unit of its consumer finance company GE Money Financial Services Ltd. is yet to go through.
Morgan Stanley is the adviser for this deal to GE.
Around 40 investors, including Reliance Capital Ltd, Future group of Kishore Biyani, Indiabulls and Aditya Birla group have shown interest and some of them have done due diligence.
But the interested parties are not giving a quote close to the expectations of GE which a premium of $250 million (about Rs.1,073 crore) over the book value of assets.
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