24 May 2025, Sat

Airtel owner Sunil Mittal’s big bet amid tension in India and Pakistan, plan to put a big amount in this Chinese company

airtel: Pahalgam India’s retaliation on Pakistan over the attack is increasing between the two countries after ‘Operation Sindoor’. Meanwhile, telecom company Bharti Airtel founder Sunit Mittal is preparing to make a big deal. He is preparing to buy 49 percent stake in the Indian unit of China’s Higher Smart Home Company. & Nbsp;

Deal is going to be held in so many crores

People familiar with this case have said that this deal is going to be held in $ 2 billion (about 17,000 crores). According to media reports, for this deal, Mittal has partnered with private equity firm Warburg Pinks and is reported to have been finalized in a few weeks. The report also informed that as the conversation progresses, the higher may not be ready to sell its share. Or many other buyers can also come forward. & Nbsp;

These are also involved in the race to buy stake

Last month, The Economic Times report was informed that Mukesh Ambani’s Reliance Industries Limited (RIL) is also a prominent contender in the race to get a stake. Whereas according to the report of Moneycontrol, meanwhile, Global Private Equity Firm TPG Capital and Singapore’s Sovereign Wealth Fund GIC is also engaged with Dabur’s Burman family, Goenka family respectively to buy a stake in the Indian unit of Higher Smart Home Company."Text-Align: justify;"> This is so much Higher Revenue

Revenue of Revenue, a company that sells refrigerators, air-conditioner, washing and television in India, was recorded at around Rs 8,900 crore in 2024 with a gain of 36 %. According to the Economic Times report, Higher is at number three after LG and Samsung in the Home Appliances Market. Apart from this, NS Satish, President of Higher Appliances India, told the news agency PTI that the company’s revenue is expected to cross 11,500 crores in 2025. & nbsp;

Read also:

Has you flight after ‘Operation Sindoor’? How to apply for refund

Source link

By Admin

Leave a Reply

Your email address will not be published. Required fields are marked *