New Delhi, Dec. 24 -- Bharti Enterprises and Warburg Pincus announced that the companies have decided to acquire a 49% stake in Haier India in an effort to boost the consumer appliance maker's local manufacturing capacity in the country, according to a press release.

As per the details of the transaction, Bharti and Warburg Pincus will collectively hold 49% stake in Haier India, while the company's parent firm, Haier Group will retain the remaining 49% stake.

"Following the completion of the transaction, Bharti and Warburg Pincus will collectively own a 49% stake in Haier India. Haier Group will retain a 49% ownership stake in Haier India, with the remaining stake to be held by Haier India's management team," according to the exchange f...