Global VC Firms Eyes Controlling Stake in Snacks Business of Haldiram's - News18
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Haldiram's, a household name in India, has more than 150 restaurants selling local food, sweets and western cuisine. It also has a popular snacks business for which the deal talks are currently ongoing. (Image: Reuters/File) The consortium of Blackstone, Singapore state fund GIC and Abu Dhabi Investment Authority has submitted a non-binding bid for a 75% stake and the talks are in early stages, while final percentage and valuation has not yet been decided The popular food and snacks chain Haldiram is up for grabs as a global group of investors has reportedly submitted a non-binding bid to acquire a controlling stake worth $8.5 billion in the company that was founded in Bikaner, Rajasthan in 1937. A global consortium led by top private equity (PE) firm Blackstone, along with Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC, have submitted the bid last week for up to 76 per cent stake in Haldiram Snacks Food, according to reports. Haldiram or the global consorti...