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Sunil Mittal and Warburg Pincus in talks for $2 bn stake in Haier India: Report - BusinessToday

Business Today

Business Today · 2m ago

Sunil Mittal and Warburg Pincus in talks for $2 bn stake in Haier India: Report - BusinessToday

Sunil Mittal and Warburg Pincus are in talks to acquire a 49% stake in Haier India, valued at $2 billion. This reflects growing interest in India's home appliance market, driven by rising incomes and urbanization. The deal includes a 49% stake for Mittal-Warburg Pincus and a 49% retention by Haier's parent company, with 2% for employees, ensuring joint control in strategic decisions. An official announcement is expected soon.

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