Mumbai, Aug. 25 -- Promoters of Tynor Orthotics, a Mohali, Punjab-based medical equipment maker, have reinitiated talks for a majority stake sale that will value the company at about Rs.3,500-4,000 crore, two people familiar with the matter said.

"It has reappointed O3 Capital to help with the mandate after the talks with Temasek for a significant minority stake were put on hold last year," one of the people cited above said on the condition of anonymity.

The person added that investor Lighthouse Funds and the promoters will together offload about 60% of their stake. The person further said the transaction will likely enable Lighthouse to exit its seven-year-old bet in the company alongside a small primary component that Tynor will use ...