Singer India Ltd (SIL) on Wednesday said that Retail Holdings NV, parent company which is holding 59.07 per cent stake in SIL, has decided to divest its equity interest. It further stated that there has been no decision on the the manner of divestment till now. Besides, there is no discussions currently underway with any potential buyers of the company, the statement added. Shareholders, especially retail investors, of Singer India will closely monitor the development.