Mumbai, May 12 -- Harman US, the maker of JBL, Harman Kardon and Infinity audio products, is in talks to sell a controlling stake in its Indian unit, three people aware of the matter said. The US company has approached global private equity and buyout firms to sell its shares in a deal valuing the Indian unit at $500-600 million, the people said. Harman US, a subsidiary of South Korea's Samsung, has picked Deutsche Bank to help with the process, one of the three people said on the condition of anonymity. "There is a global restructuring the group is looking to set into motion. Selling the India business is part of it," the person said. Harman US is a Connecticut-based manufacturer of audio systems, automotive infotainment systems, lifestyle products, and connectivity solutions. The company supplies audio products to leading automakers, which makes up its largest business. In March 2017, Samsung acquired Harman US. A Harman India spokesperson declined to comment on queries about the sale. The spokesperson, however, added, "We are always exploring opportunities to strengthen our business, enhance our capabilities, and deliver value to our customers and stakeholders." Harman US operates in more than 30 countries, including the US, Europe, Asia Pacific, the Middle East, and Australia. Harman India is a wholly owned subsidiary of Harman US. Harman India has four major business segments, namely, Lifestyle (LS), India Development Centre (Software division; IDC), Connected Car (CC), and Professional (PRO). LS is a consumer audio division, which deals in the retailing of headphones, earphones, blue-tooth speakers, sound bars, and car audio. "The valuation arbitrage that India offers is huge. The company is looking to monetize its stake. Though the final contours of the deal are yet to be decided, the firm might look at selling anywhere between a significant minority to a controlling stake," a second person added. According to a July 2023 Care Ratings release, Harman's Indian business has picked up after the relaxation of covid-19 related restrictions. Harman's CC segment makes infotainment systems and telematic solutions (head units) for automotive OEMs at its plant in Chakan, Pune. "Globally, Harman's CC business is around $4 billion and is among the top three players. However, similar success is yet to be replicated in the Indian market," the release said....