Singer India Limited (BSE:505729) (SIL) said Retail Holdings N.V. (OTCPK:RHDG.F) is holding 59.07% stake in SIL , has decided to divest its equity interest in the company. No decision has yet been made as to the manner of divestment of Retail Holdings' interest in the company. No discussions are currently underway with any potential buyers of the company.