The Times of India cited banking sources as saying ABG International, Rishi Agarwal and Kamlesh Kumar Agarwal have been in discussions with domestic and foreign companies to sell a strategic stake in the Mumbai-listed yard.
Mahindra Group, Adani and a few foreign players, include some from Singapore, have reportedly been approached.
Last year, a consortium of 22 banks, led by State Bank of India (SBI), restructured $415m-worth of long-term loans and $1.15bn
