UK-based Indian millionaire Karan Billimoria's Cobra Beer, which caters mainly to the curry restaurant segment in Britain, may look at divesting a significant stake to a global brewer, reports The Economic Times.

Sources said Cobra Beer could be looking at a valuation of US$100-110 million. It is learnt that Billimoria is unlikely to make a complete exit and may prefer running the company after inducting a strategic partner.

The potential list of suitors for the company could include Heineken, InBev and SAB Miller, sources told The Economic Times. These suitors, though, would be more interested "in buying the company lock, stock and barrel."