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Mittal's family office walks away from Haier India deal
Business Standard
|September 11, 2025
Billionaire Sunil Mittal's family office has withdrawn from discussions to acquire a 49 per cent stake in Haier Appliances (India) after failing to reach an agreement on valuation.
Haier India's Chinese parent company Haier group was seeking a valuation of about $2 billion (₹17,100 crore). However, the bids it received were significantly lower, with offers around $600 million (₹5,280 cr)—well below the ask—according to two people familiar with the matter, who requested anonymity as the talks were private.
Denne historien er fra September 11, 2025-utgaven av Business Standard.
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