Haldiram

Haldiram's Rs 90,000 crore valuation has sparked a race among investors, including PepsiCo, Temasek, and others, aiming to capitalise on India's booming ethnic snacks market

Haldiram Snack, a leading player in the packaged food industry, will invest Rs 300 crore in Bihar to set up a manufacturing unit, said a company official here on Friday. The company, which manufactures sweets, namkeen, bhujia , snacks and other food items, has signed an MoU (memorandum of understanding) with the Bihar government to make an investment of Rs 300 crore, said its Vice President Sanjay Singhania. "We are setting up a manufacturing plant for sweets, namkeens and snacks in Bihar. We will be investing Rs 300 crore," Haldiram Snacks Pvt Ltd Vice President Sanjay Singhania told PTI on the sidelines of Bihar Business Connect 2024. The Agarwal family-promoted company has acquired a 12-acre land at Sikanderpur in Bihta to set up this plant. "The plant will be operational by mid-2027," he added. The state government is organizing a global investors summit -- Bihar Business Connect 2024 -- to attract investments. The second edition being held here has seen the signing of MoUs

Considerations are ongoing and no final decisions have been made, the people said. Representatives for Blackstone, GIC, Haldiram and ADIA declined to comment

Haldiram's founding promoters, the Agarwal family considering an IPO post-sale, aiming for a Rs 93,500 crore valuation

Blackstone was eyeing a stake of 75 per cent in the business and had made a non-binding bid, but those talks did not materialise as Haldiram's is no longer keen to sell a big stake

Haldiram Bhujiawala, which retails its products under the brand 'Prabhuji,' has been a prominent player in the snacks and savoury industry for six decades

Earlier, the promoters of Haldiram's were exploring the possibility of selling a controlling 51 per cent stake, a move that would have valued the company between $8 billion and $10 billion

The Singapore state investor is holding preliminary talks to buy from 10 per cent to 15 per cent in Haldiram's

Bikaji is not for sale. Whatever price someone offers, there are certain things that are not for sale, Chief Operating Officer Manoj Verma said earlier this month

Bankers said prospective bidders of the company do not want any confusion over the brand in future and have sought clarity over the usage of the brand

IPO considerations are preliminary and the controlling shareholders may still decide to lower their asking price and proceed with a sale

Major foreign private equity firms like Blackstone, Bain Capital, and Singapore's Temasek seek up to 76% stake in the Indian food giant

Not enthused by reported valuation of Rs 69,138 crore

The talks are at an early stage and a valuation has not been discussed, though it could be at a premium to Prataap's stock price

From a small chawl in Bikaner to being one of the most recognisable brands in India, here's the story of Haldiram's

According to report, Tata Consumer looks at majority stake; Bain seeks 10 per cent stake

The existing shareholders of Haldiram Snacks and Haldiram Foods have acquired a 56% and a 44% stake, respectively, in Haldiram Snacks Food

Efforts are also underway to finalise the terms and conditions and sign MOUs with the countrys top notch hospitals in the near future

Haldiram, Oberoi Realty's plans hit; No pick up in demand expected in next 2-3 years