Breaking news:
Delhi High Court Agrees to Urgent Hearing on Swatantra Bhardwaj's Plea Against Arrest | Delhi Govt Orders Structural Audit of PGs and Public Buildings After Fatal Collapse | Jeddah-Bound Malaysia Airlines Flight Diverted to Chennai After Mid-Air Engine Snag
Logo

Foreign Investors Make $8.5 Billion Bid for 76% Stake in India's Haldiram's

According to reports, a global consortium comprising leading private equity firm Blackstone, Abu Dhabi Investment Authority, and Singapore's GIC, has made an offer of $8.5 billion for a 76% stake in Haldiram's Snacks Food, signaling a foreign attempt to acquire the renowned Indian brand 

14-05-2024
image
   

Reports indicate that Haldiram's, India's renowned food, sweet, and snacks chain, is attracting interest from a global consortium of investors, who have submitted a non-binding bid worth $8.5 billion for a controlling stake in the company. The bid, led by top private equity firm Blackstone, along with Abu Dhabi Investment Authority (ADIA) and Singapore's GIC, was reportedly made last week for up to 76% ownership in Haldiram's Snacks Food.

Both Haldiram's and the global consortium have yet to confirm this development. The food chain represents the combined packaged snacks and foods business of the Agarwal family's Delhi and Nagpur factions. While Haldiram Foods International is overseen by the Nagpur faction, Haldiram Snacks is managed by the Delhi faction. Plans are underway to merge these entities into a new entity called Haldiram Snacks Food.

In the fiscal year 2022, the Nagpur-based faction recorded revenue of ₹3,622 crore, while the Delhi-based Haldiram Snacks Private Limited reported sales of ₹5,248 crore. Previous reports suggest that there have been other attempts to acquire Haldiram's, particularly by venture capitalist firms such as Bain Capital, Warburg Pincus, and General Atlantic.

Established in 1937 as a retail sweets and savory shop in Bikaner, Haldiram's products are now distributed in over 80 countries.

Image

Missing Bangladesh Lemurs Allegedly Linked to Ambani-Backed Vantara Zoo

According to news reports and Bangladeshi officials, two endangered lemurs stolen in 2025 have been

Read More
Image

NCPCR Summons Meta India Chief Over Alleged Child Sexual Abuse Material Ads o

The National Commission for the Protection of Child Rights has asked Meta India's Managing Director

Read More
Image

PM Modi to Visit Vadodara for ₹35,000-Crore Project Launch Featuring First-

Prime Minister Narendra Modi’s upcoming visit to Vadodara will feature the launch of major infrast

Read More