New Delhi: Well-known India’s food, sweet and snacks chain Haldiram’s 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.
A global consortium led by top private equity (PE) firm Blackstone, along with Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC, has submitted the bid last week for up to 76 per cent stake in Haldiram’s Snacks Food, IANS reported quoting reports.
Both Haldiram’s as well as the global consortium are yet to confirm the development, the report added.
Founded in Bikaner, Rajasthan in 1937, the food chain is the combined packaged snacks and foods business of the Delhi and Nagpur factions of the Agarwal family.
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