Overview

• Bharti Group Chairman Sunil Mittal, in collaboration with private equity firm Warburg Pincus, is negotiating to acquire a 49% stake in Haier Appliances (India) for approximately $2 billion.
• Negotiations are at an advanced stage, with a formal agreement possible in the coming weeks, subject to regulatory clearances.
• Haier India has shown strong performance, reporting over 30% year-on-year revenue growth in Q1 2025 and holding a 21% market share in side-by-side refrigerators.
• While discussions progress, Haier retains the option to decline the sale, and additional investors may still emerge before any final decision is reached.
• Representatives for Mittal, Warburg Pincus, and Haier have declined to comment on the ongoing discussions.