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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
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
Blackstone, together with consortium partners Abu Dhabi Investment Authority and Singapore's GIC, have been in discussions for several months with the Agrawal family members based in Delhi and Nagpur
Expected IPOs in the coming months include those of Ola Electric, FirstCry, Waaree Energies, Fincare Small Finance Bank, Bansal Wire Industries, NSDL, among others
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
Haldiram's was last year also an acquisition target for India's Tata Group, one of country's biggest conglomerates
Tata Consumer Products Ltd., the owner of the Tetley tea brand, was uncomfortable with Haldiram's $10 billion valuation
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From a small chawl in Bikaner to being one of the most recognisable brands in India, here's the story of Haldiram's
The company said it evaluates various strategic opportunities for growth and expansion of the business of the company on an ongoing basis
Tata Consumer Products Ltd (TCPL) and Halidram's on Wednesday said there were no negotiations going on acquiring a 51 per cent stake in the leading snacks maker and restaurant operator. According to reports, the Tata Group's FMCG arm is in talks with Haldiram's to buy a majority stake, but not comfortable with a high enterprise value. Haldiram's is a leading snacks maker and restaurant operator. "The company is not in negotiations as reported" to acquire Haldiram's," TCPL said in a regulatory filing. The filing was in response to a clarification sought by the NSE and the BSE regarding the reports. "Tata Consumer Products does not comment on market speculation," a company spokesperson said earlier in the day. When contacted, Haldiram's management declined to comment on the matter. Later issuing a statement, Halidram's said: "We categorically deny recent reports of a 51 per cent stake sale and wish to clarify that we are not engaged in any discussions with Tata Consumer Products."
According to report, Tata Consumer looks at majority stake; Bain seeks 10 per cent stake
Tatas are, however, not comfortable with the $10 billion valuation sought by the snack maker
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The existing shareholders of Haldiram Snacks and Haldiram Foods have acquired a 56% and a 44% stake, respectively, in Haldiram Snacks Food