Mumbai, March 5 -- Umesh Modi Group's Win-Medicare Pvt Ltd (WMPL), the maker of household brands like Betadine and Movicol, is looking to sell a minority stake in a deal valued between $150 million and $200 million, according to three sources familiar with the matter. The company has appointed EY as its advisor to lead the search for potential buyers, they said.

"About $100 million is likely to be secondary, with the parent entity expected to offload a minority stake, while the remaining component would be primary but subject to the company's expansion plans," two of the people cited above said on the condition of anonymity.

The third person said, "The deal was launched about two months ago and several private equity firms have been tap...