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Bharti and Warburg Pincus to buy 49% of Haier India for $1.5B, boosting local manufacturing and growth.
Bharti Enterprises and U.S. private equity firm Warburg Pincus have agreed to jointly buy a 49% stake in Haier India, with the Chinese parent company retaining 49% and employees holding 2%.
The deal, valued at about $1.5 billion, aims to boost local manufacturing, innovation, and supply chain sourcing under Haier India’s “Made in India, Made for India” strategy.
The company, now among India’s top three appliance makers, has grown at 25% annually and aims for Rs 11,500 crore in sales by 2026.
The transaction, pending final approvals, will bring leadership changes and expand production with plans for a third plant.
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Bharti y Warburg Pincus comprarán el 49% de Haier India por $1.5B, impulsando la fabricación local y el crecimiento.