Reliance Industries is reportedly vying for a stake in Haier India, potentially competing with a consortium led by Sunil Mittal. Haier, seeking a strategic partner, may dilute 25-51% equity, targeting a valuation of $2-2.3 billion. This move comes amid U.S. tariff pressures and India’s cautious approach to Chinese investments.
Reliance vs Bharti: Ambani, Mittal face off over Chinese giant’s India operations
