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’Largest private equity buyout in India’: Blackstone in advanced talks to acquire controlling stake in Haldiram’s

LivemintLivemint · 1y ago
’Largest private equity buyout in India’: Blackstone in advanced talks to acquire controlling stake in Haldiram’s
Medial

Private equity firm Blackstone is reportedly in advanced talks to acquire a controlling stake in Haldiram's, India's largest family-run snacks business. Blackstone, along with its partners Abu Dhabi Investment Authority and Singapore's GIC, has been in negotiations with the Haldiram Agarwal family for several months. The deal, valued at up to ₹70,000 crore, would potentially make it the largest private equity buyout deal in India. However, differences in company valuation and the family's desire to retain a larger share of the business have reportedly delayed the negotiations. Haldiram's has also received bids from Bain & Co. and Temasek Holdings.

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