A worldwide consortium drove by top confidential value (PE) firm Blackstone, alongside Abu Dhabi Speculation Authority (ADIA) and Singapore's GIC, have presented the offered last week for up to 76 percent stake in Haldiram's Snacks Food, as per reports.
New Delhi: India's famous food, sweet and bites tie Haldiram's is available for anyone as a worldwide gathering of financial backers has purportedly presented a non-restricting bid to secure a controlling stake worth $8.5 billion in the organization that was established in Bikaner, Rajasthan in 1937.
A worldwide consortium drove by top confidential value (PE) firm Blackstone, alongside Abu Dhabi Speculation Authority (ADIA) and Singapore's GIC, have presented the offered last week for up to 76 percent stake in Haldiram's Snacks Food, as per reports.
Both Haldiram's as well as the worldwide consortium are yet to affirm the turn of events.
The established pecking order is the joined bundled tidbits and food varieties business of the Delhi and Nagpur groups of the Agarwal family.
While Haldiram Food varieties Worldwide is driven by the Nagpur group, Haldiram Bites is driven by the Delhi group. The two elements are set to be converged to make another substance, Haldiram Snacks Food.
The Nagpur-based group enlisted ₹ 3,622 crore in income in FY22. The Delhi-based Haldiram Snacks Private Restricted timed ₹ 5,248 crore in deals in a similar monetary year.
There have been different endeavors in the past to get the pecking order, particularly by Financial speculator firms like Bain Capital, Warburg Pincus and General Atlantic, as per reports.
Laid out in 1937 as a retail desserts and exquisite shop in Bikaner, its items are presently accessible in excess of 80 nations.