Global Investors Eye Big Bite of Haldiram's Snacks

  • Snacking Giants: A consortium led by private equity firm Blackstone, along with Singapore's sovereign wealth fund GIC and Abu Dhabi Investment Authority (ADIA), has submitted a bid for a controlling stake in Haldiram's snacks business.
  • Valuation: The bid reportedly values the business at a staggering $8.5 billion (₹66,400-70,500 crore).
  • Focus on Snacks: The deal discussions pertain solely to the snacks division, separate from Haldiram's restaurant chain.
  • Previous Interest: This comes after talks between Haldiram's and Tata Group for acquiring the entire company fell through last year.
  • Uncertain Future: Whether the Haldiram family will accept the current bid remains to be seen.

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