Amid tensions between India and Pakistan, Airtel owner Sunil Mittal makes a big bet, plans to invest a large amount in this Chinese company:

News Topical, Digital Desk : Airtel: After India's retaliatory action against Pakistan for the Pahalgam attack, 'Operation Sindoor', tensions between the two countries are increasing. Meanwhile, Sunil Mittal, the founder of telecom company Bharti Airtel, is preparing to make a big deal. He is preparing to buy 49 percent stake in the Indian unit of China's Haier Smart Home Company.

The deal is going to be done in so many crores

People familiar with the matter have said that the deal is going to be worth $2 billion (about Rs 17,000 crore). According to media reports, Mittal has partnered with private equity firm Warburg Pincus for this deal and the deal is expected to be finalised in a few weeks. The report also informs that as the talks progress, Higher may not be ready to sell its stake. Or many other buyers may also come forward.

This too is included in the race to buy stake

Last month, The Economic Times reported that Mukesh Ambani's Reliance Industries Limited (RIL) is also a major contender in the race to acquire the stake. Meanwhile, global private equity firm TPG Capital and Singapore's sovereign wealth fund GIC are also in the fray along with Dabur's Burman family, Goenka family respectively to buy stake in the Indian unit of Haier Smart Home Company, reports Moneycontrol.

This was the revenue of Higher

Haier, a company that sells refrigerators, air-conditioners, washing machines and televisions in India, recorded a revenue of around Rs 8,900 crore in the year 2024, an increase of 36 percent. According to a report by The Economic Times, Haier is ranked third in the home appliances market after LG and Samsung. Apart from this, NS Satish, President of Haier Appliances India, told news agency PTI that the company's revenue is expected to cross Rs 11,500 crore in 2025.