Manipal Technologies (MTL), the biggest manufacturer of banking and smart cards in India, is planning to bring in a financial partner through a stake sale. The company, valued at around ₹4,000-4,200 crore ($500 million), aims to provide an exit to a few minority shareholders and raise funds for expansion. Investment bank Rothschild has been appointed to oversee the stake sale process. MTL operates in the printing industry and provides services to various sectors, including retail banking, telecom, education, publishing, and consumer goods.