Bharti Enterprises and Warburg Pincus to Acquire 49% Stake in Haier India
- brg_news_room
- 2 days ago
- 1 min read
INDIA: Bharti Enterprises together with private equity firm Warburg Pincus, has announced a strategic investment in Haier India, a subsidiary of Haier Group. Upon completion of the transaction, Bharti Enterprises and Warburg Pincus will jointly hold a 49% stake in Haier India, while Haier Group will retain an equal 49% share. The remaining 2% equity will be owned by Haier India’s management team. In a statement, Bharti Enterprises said the partnership will reinforce Haier India’s “Made in India, Made for India” strategy by enhancing local sourcing, expanding manufacturing capacity, accelerating innovation, and strengthening market reach.
Haier India has outlined plans to significantly expand its manufacturing footprint in the country, with proposed investments of around $420 million (Rs 3,500 crore) over the next three to four years. The company currently operates manufacturing facilities in Greater Noida and Pune and is assessing potential locations in western or southern India for a third plant.
Source: The New Indian Express