The Economic Times of India
NEW DELHI: Blackstone has dropped plans to acquire a majority stake in the snacks business of India’s Haldiram’s but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a sticking point, sources told Reuters on Thursday. Haldiram’s, which Euromonitor International estimates has a share of almost 13% of India’s $6.2-billion market for savoury snacks…
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Blackstone eyes 20% Haldiram’s stake
Michele Grumbles
15:22
NEW DELHI: Blackstone has dropped plans to acquire a majority stake in the snacks business of India’s Haldiram’s but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a sticking point, sources told Reuters on Thursday. Haldiram’s, which Euromonitor International estimates has a share of almost 13%
