China clears Haier to dilute stake in India arm; Bharti–Warburg set to buy 49%: Sources

Chinese government has reportedly approved Haier's sale of a 49% stake in its Indian arm, Haier Appliances India, to the Bharti Enterprises-Warburg Pincus combine. This strategic move aims to overcome regulatory hurdles and facilitate capital infusion for expansion. The deal, expected to be announced soon, values the Indian business at approximately $1.3-1.5 billion.