Corporate Grapevine     

Published: May 31, 2025
Updated: May 31, 2025

Haier India snapped up by Mittal, Warburg

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

Formerly Fortune India Managing Editor Deven Malkan Assistant Editor A.K. Batha President Bhupendra Shah Circulation Executive Warren Sequeira Art Director Prakash S. Acharekar Graphic Designer Madhukar Thakur Investment Analysis CI Research Bureau Anvicon Research DD Research Bureau Manager (Special Projects) Bhagwan Bhosale Editorial Associates New Delhi Ranjana Arora Bureau Chief Kolkata Anirbahn Chawdhory Gujarat Pranav Brahmbhatt Bureau Cheif Mobile: 098251-49108 Bangalore Jaya Padmanabhan Bureau Chief Chennai S Gururajan Bureau Chief (Tamil Nadu) Ludhiana Ajitkumar Vijh Bhubaneshwar Braja Bandhu Behera

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