Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
TPG, GIC Stitch Local Deals to Chase Haier
Mint Hyderabad
|March 20, 2025
PE firms tie up with local business families for up to 49% stake
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.
The company has appointed investment bank Citigroup Capital Markets to find buyers for the stake. "There are various structures being discussed with various bidders," the second person added. The deal may value the company at around $2 billion.
Dit verhaal komt uit de March 20, 2025-editie van Mint Hyderabad.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Hyderabad
Mint Hyderabad
Cyberattack on vendor hits major US banks
Client data for JPMorgan Chase, Morgan Stanley Citi and other major banks may have been accessed in a hack of a tech vendor, The New York Times reported on Saturday, citing people familiar with the matter.
1 min
November 24, 2025
Mint Hyderabad
Walmart was once demonized but has transformed its image
Its staff-oriented strategy faced investor scepticism but has paid off
3 mins
November 24, 2025
Mint Hyderabad
India to curb antibiotic use in animals to control drug resistance
India has unveiled its next-generation national action plan on antimicrobial resistance (AMR 2.0) for 2025-2029, to curb misuse of antibiotics across humans and animals as drug-resistant infections emerge as a major national health threat.
2 mins
November 24, 2025
Mint Hyderabad
Amfi leads data drive as Sebi plans fee cap
The mutual fund industry is compiling an extensive dataset on portfolio churn and transaction costs to help the Securities and Exchange Board of India (Sebi) evaluate its proposal to sharply cap brokerage fees.
2 mins
November 24, 2025
Mint Hyderabad
Carlyle targeting $300 mn side fund
Carlyle Group Inc. is launching an India side fund to operate along the firm’s sixth pan-Asia investment vehicle, to tap opportunities in everything from tech to health care.
1 min
November 24, 2025
Mint Hyderabad
Embrace the quiet joy of doing nothing in retirement
In a world demanding constant action, finding stillness is the perfect, complementary antidote to an active retirement
3 mins
November 24, 2025
Mint Hyderabad
CAG plans shift to live audits to curb public funds misuse
The overhaul is designed to flag tendering lapses, execution delays and potential losses early
2 mins
November 24, 2025
Mint Hyderabad
'Stay invested in the stock market, everything is for the long haul'
Veteran value investor Ramesh Damani is ignoring doomsday warnings about a US tech stock correction and noises surrounding corporate earnings growth trajectory back home, staying loyal instead to his credo of long-term investments, using a bottom -up approach. He remains unconcerned about short term market corrections, advising investors to
5 mins
November 24, 2025
Mint Hyderabad
BirlaNu announces new Andhra plant
Building materials and home solutions company BirlaNu on Sunday announced plans to set up a greenfield fibre cement board plant in Nellore district of Andhra Pradesh.
1 min
November 24, 2025
Mint Hyderabad
OYO Assets gets 125 cr fresh funds
OYO parent PRISM-backed OYO Assets has raised ₹125 crore in a fresh funding round from a clutch of institutional and private investors led by InCred, people aware of the development said.
1 min
November 24, 2025
Listen
Translate
Change font size