Indian multinational sweets, snacks and restaurant company is in the news again, after its newly merged entity name ‘Haldiram Snacks Food’ in 2022.

Led by Blackstone, an American alternative asset management company, a consortium comprising Abu Dhabi Investment Authority (ADIA) and GIC of Singapore have submitted a bid for acquiring a major stake in the food brand. The bid is a whopping ₹400 billion making the deal the largest equity buyout in India, if it goes through.

Reliable reports say the consortium hopes to buy about 75% of the company, while valuing Haldiram Snacks Food at about ₹70,000 crore.

Started in 1937 by Ganga Bishan Agarwal, fondly called Haldiram Ji, in Bikaner, a city in the middle of the Thar desert in Rajasthan, Haldiram’s products are sold worldwide today. – editor@nrifocus.com