- Sunil Mittal, founder of Bharti Airtel, is in advanced talks to acquire a 49% stake in Haier India, valued at approximately $2 billion.
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The deal involves a partnership with private equity firm Warburg Pincus, aiming to expand Airtel’s footprint into the home appliance sector.
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Haier India operates three manufacturing units across the country, producing a range of home appliances. Reuters
👉 Why this matters: This potential acquisition signifies a strategic diversification for Bharti Airtel, potentially reshaping the competitive landscape of India’s consumer electronics market.
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