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. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/consumer-durables-and-information-technology/consumer-electronics/china-clears-haier-to-dilute-stake-in-india-arm-bhartiwarburg-set-to-buy-49-sources/126155383
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