Bharti, Warburg Pincus Pickup 49% Stake In Haier India
Bharti Enterprises and Warburg Pincus will acquire a 49 per cent stake in Haier India to expand local manufacturing and sourcing
Bharti Enterprises and Warburg Pincus will acquire a 49 per cent stake in Haier India to expand local manufacturing and sourcing
The reports state that the Haier Group initially aimed for a valuation of USD two billion, but the received bids were significantly lower
Sunil Mittal has reportedly partnered with private equity major Warburg Pincus to jointly invest about USD 2 billion for the stake in Haier Appliances (India).
The reports state that Reliance Retail is expected to drive the potential acquisition and Reliance is currently looking to pursue the deal independently, unlike others