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Published: May 31, 2025
Updated: May 31, 2025
Sunil Mittal’s family office has tied up with Warburg Pincus to make an offer for Haier India, a consumer durables company, for Rs 5,000 crore. While the Chinese promoter will exit, Mittal and Warburg will hold a 49 per cent stake each, while 2 per cent will be held by the employees.
As per sources, Haier was considering selling a stake of between 25 and 49 per cent in the Indian unit. By November, it had attracted preliminary in terest from potential investors who wanted to buy the entire company as the valuation was very low.
June 30, 2025 - Combined Issue
Industry Review
VOL XVI - 17
June 16-30, 2025
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