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Mittal of Bharti Airtel and Warburg Pincus in talks to buy 49% stake in Haier's Indian unit for $2 billion.
Sunil Mittal, founder of Bharti Airtel, is in talks to buy a 49% stake in Haier's Indian unit for about $2 billion, alongside private equity firm Warburg Pincus.
The deal, pending approvals, could capitalize on Haier's growing South Asian market, where revenue rose over 30% in Q1.
Other investors, including Temasek and Mubadala, have also shown interest in Haier's Indian unit.
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Mittal de Bharti Airtel y Warburg Pincus en conversaciones para comprar el 49% de participación en la unidad india de Haier por $ 2 mil millones.