Eye on expansion, Haldiram family to invest Rs 2,500 crore in 5 years

Mulls IPO upon the merger of Noida, Nagpur businesses

Haldiram Snacks of Noida and Haldiram Foods International, headquartered in Nagpur (Haldiram’s Nagpur), are in the process of merger. Upon merger, the combined entity may also consider raising capital via an initial public offering (IPO).

The merged entity will also invest Rs 2,000 crore-Rs 2,500 crore, after the fundraising exercise, over the next five-six years to expand its capacity.

“We don't have a concrete dialogue going on for listing at this point. We are thinking about an IPO to explore the value within the organisation. Apart from that, we are open to listening to external investors and we are always