U.S.-based Goldman Sachs Group Inc. is in discussions to acquire a stake in India-based Royal Sundaram General Insurance Co. Ltd., the insurance unit of Sundaram Finance Ltd., Mint reported March 27, citing "two people aware of the development."

The talks between the two parties, however, might not necessarily lead to a deal, the publication said. Royal Sundaram has been looking to divest a stake since late 2017.

Goldman Sachs declined to comment on the matter while Royal Sundaram General Insurance did not respond to emails sent by the publication.