Haier India Stake Bidding: Airtel-Warburg Pincus in $720M Deal

  Published 1 year ago

Sunil Mittal and Warburg Pincus bid $720M for 49% in Haier India amid lower-than-expected valuation.

  • Haier initially sought $2B for a stake but received reduced bids due to high brand fees.
  • The deal may grant employees 2% stake and plan for a stock listing within two years.
  • Haier India operates three manufacturing units for appliances and had earlier talks with Reliance.

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