Blackstone, along with Abu Dhabi Investment Authority and Singapore’s GIC, is now in talks to buy a 20% stake in Haldiram’s, valuing the iconic Indian snack brand at $8 billion.
Haldiram’s, known for its namkeen snacks, sweets, and ready-to-eat foods, is eyeing a $12 billion valuation for its business. While Blackstone initially aimed to acquire a controlling 76% stake, the family-owned company may consider an IPO, targeting an $8-8.5 billion valuation.