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Grapevine: Haldiram's stake sale hits stalemate; French firm checks into New Shop

VCCircle · 7m

The stake sale process for Haldiram Snacks Food Pvt Ltd has encountered a roadblock due to disagreements over pricing and valuation. The Blackstone-led consortium, which includes GIC and the Abu Dhabi Investment Authority, had submitted a non-binding bid valuing the company at over $8 billion in May. However, negotiations have hit a stalemate. On a different note, a French firm has recently made an investment in New Shop, a retail-tech startup.