A CONSORTIUM LED by Blackstone has emerged as the preferred bidder for a minority stake in Haldiram Snacks, sources following months of negotiations on a potential deal.
Blackstone, which is in talks to team up with Singapore state investor GIC and Abu Dhabi Investment Authority, may pay around $1.6 billion for a 20% stake in Haldiram, the sources said, asking not to be identified because the deliberations are private.
A transaction could value India's biggest snacks maker at about $8 billion, they said.
This story is from the December 17, 2024 edition of Financial Express Kochi.
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This story is from the December 17, 2024 edition of Financial Express Kochi.
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