8/7/2024, 1:23:04 pm

Blackstone in advanced talks for controlling stake in Haldiram's

Blackstone Inc. is in advanced talks to acquire a controlling stake in India's Haldiram's, valuing the snack maker at up to Rs 70,000 crore. The deal, potentially the largest private equity buyout in India, would see Blackstone and its partners Abu Dhabi Investment Authority and GIC acquiring a 74% stake. The valuation is lower than the Agrawal family's expectation of Rs 90,000 crore.