Bharti, Warburg Pincus to Acquire 49% in Haier India for ₹13,200 Cr

• Bharti Enterprises and Warburg Pincus will jointly acquire a 49% stake in Haier India.
• The deal is valued at approximately ₹13,200 crore (1.3-1.5 billion US dollars).
• Haier Group will retain 49% ownership, with the remaining stake held by Haier India's management.
• This partnership aims to boost Haier India's expansion, leveraging Haier's tech, Bharti's network, and Warburg Pincus's expertise.
• Focus will be on strengthening the 'Made in India, Made for India' vision, increasing local sourcing, manufacturing, and product innovation.

Why It Matters: Major investment by Bharti and Warburg Pincus in Haier India to accelerate growth in the booming consumer appliance market.