Airtel’s Sunil Mittal in talks to buy 49% stake in Haier India for $2 bn

Bharti Airtel founder Sunil Mittal is in advanced talks to acquire a 49 per cent stake worth around $2 billion in the Indian unit of China’s Haier Smart Home Co., Bloomberg reported, citing people familiar with the matter.

Mittal has partnered with private equity firm Warburg Pincus to acquire the stake, and a deal could be signed in a few weeks, the report said.