These companies are interested in the country's famous food chains

Is Haldiram going to be sold soon? This will be India's biggest deal.

There is news of sale of Haldiram (Haldiram Snacks Food Pvt Ltd), one of the big companies of India. It is being told that Blackstone, one of the world's largest companies, is interested in this famous food chain.

Haldiram (Haldiram Snacks Food Pvt Ltd) is one of the largest food chains in the country. Now news of sale of this company is coming in the market. According to these reports, Blackstone, one of the world's largest companies, has shown interest in buying stake in Haldiram. Apart from this, another company is in competition for this deal. According to media reports, the current valuation of Haldiram has been estimated from Rs 66,400 crore to Rs 70,500 crore. If its sale deal is completed then it is going to be India's largest equity purchase.

$8.5 billion valuation

In fact, according to an Economic Times report, a consortium led by the world's largest Blackstone, along with Abu Dhabi Investment Authority (ADIA) and Singapore's (GIC), last week submitted a bid to acquire a controlling stake in Haldiram Snacks Food. Is. This report claims that the valuation of Haldiram Snacks Food Pvt Ltd is (Rs 66,400 crore to Rs 70,500 crore) i.e. 8 billion to 8.5 billion dollars.

Let us tell you that this is a matter of business partnership of Haldiram in delhi and Nagpur. Some media reports say that apart from Blackstone, Bain capital is also eyeing Haldiram. This company is also looking for its ownership rights in Haldiram Snacks. All these companies want to have 74 to 76 percent stake in Haldiram. On this entire matter, Haldiram's CEO kk Chutani has said that the company does not want to make any comment on this matter.

The merger was approved in april itself

The Competition Commission of india (CEE) has approved this merger in april itself. This deal is expected to be completed in the next three-four months. This is not the first time that an attempt has been made to acquire a stake in the company. Several equity firms including Bain capital, Warburg Pincus, General Atlantic have been in talks with the family since 2016-17 for minority or controlling stake.