First Leasing in final-stage of talks to part off its 27.3% stake

First Leasing Company of India is in talks with various institutions in a bid to part off its 27.3% stake. Singapore's sovereign fund Temasek Holdings, Swiss Re and India's Tata Capital are in final-stage talks with Indian financial services firm and it is expected that a deal could be signed in a month. The company has not disclosed the price at which the stake sell would take place but is expected to be at a substantial premium to the current market price.

First Leasing Company of India is engaged in the business of leasing, hire purchase, loans and wind power generation. It focuses on providing hire purchase and leasing services mainly to the corporate sector. Its clients include Citibank, Johnson & Johnson and Volvo.