Foreign Attempt To Buy India's Haldiram's. Offer - USD 8.5 Billion For 76%
NDTV
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's Snacks Food, according to reports.
India's renowned 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 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's Snacks Food, according to reports.
Both Haldiram's as well as the global consortium are yet to confirm the development.
