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TPG, GIC stitch local deals for bigger Haier stake
Hindustan Times
|March 20, 2025
Global private equity firm TPG Capital and Singapore government's sovereign wealth fund GIC have entered the race to acquire up to 49% stake in the Indian operations of Chinese consumer durables maker Haier, four people aware of the development said.
While TPG has teamed up with the Burman family, GIC is bidding along with the Goenka family of the Welspun Group, these people said.
"The first round of bidding is through. Currently, the bidders are carrying out due diligence," one of the people cited above said, requesting anonymity.
This story is from the March 20, 2025 edition of Hindustan Times.
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