Haldiram's, which Euromonitor International estimates has a share of almost 13% of India's $6.2-billion market for savoury snacks, has more than 150 restaurants, but many foreign investors are salivating over its popular snacks business.
In May Reuters reported a consortium led by Blackstone was eyeing a stake of 75% in the business and had made a nonbinding bid, but those talks did not materialise as Haldiram's is no longer keen to sell a big stake, said the sources, who sought anonymity as the discussions are private.
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