Leading snack brand Haldiram Snacks Food has received binding offers from Alpha Wave Global, Blackstone, and Bain Capital-led consortiums for a 15-20% stake, reportedly valued at over a billion dollars, reported The Economic Times. The bids, which could mark one of India’s largest private-equity deals, peg the company’s valuation at Rs 75,000-80,000 crore, added the report. While private-equity firms push …
In September, Tata Group’s consumer unit explored acquiring over half of Haldiram’s but opted out due to the steep $10 billion valuation. According to Economic Times, last week, a consortium led by Blackstone, the world’s largest private equity fund, submitted a non-binding bid to acquire a controlling stake in India’s largest snack and convenience foods company. According to an IANS …
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