Foreign investors, including a Blackstone-led consortium, are eyeing a majority stake in India's Haldiram's snacks business, with an offer of $8.5 billion for 76%. Bain and Temasek are also competing for a controlling stake in Haldiram's. The bid for Haldiram Snacks at 4.9x Sales has sparked discussions on negotiation tactics and market conditions.
#Bain teams up with #Temasek to compete with Blackstone-led consortium for controlling stake in #Haldiram's https://t.co/tvrmK4PCVt
Foreign PEs Betting Big On Indian Iconic Snack Brand Haldirams At a Whopping Valuation Of Over Rs 664,000,000,000 #Haldirams #IndianBusiness #Valuation #Companies #LatestBusinessNews https://t.co/dyaScyIrWT
#ETExclusive | #Bain teams up with #Temasek to compete with #Blackstone-led consortium for controlling stake in #Haldiram's https://t.co/tvrmK4QaL1
Haldiram Snacks getting a bid at 4.9x Sales, lower than one of the recently listed players trading at over 6x Sales, is either a risky negotiation tactic or an insulting offer in these market conditions. If it works, it could de-rate other companies’ valuations.
Haldiram Snacks getting a bid at 4.9x Sales, lower than one of the recently listed players trading at over 6x Sales, is either a risky negotiation tactic or an insulting offer in these market conditions.
From #Bikaner to #Blackstone: The success story of humble #Haldirams https://t.co/NiA2va8v8x
Foreign Attempt To Buy India's Haldiram's. Offer - USD 8.5 Billion For 76% https://t.co/1XW6LNYZFv https://t.co/ySdOhciBgn
Haldiram's: the Indian snack maker eyed by foreign investors https://t.co/0madvBaTAH https://t.co/w6vP28Jvgb
Haldiram's, The Snack Maker Eyed By Foreign Investors https://t.co/IyX55uPbsj
Blackstone-led consortium eyes snacks business of India's Haldiram's, sources say https://t.co/J3OM0hgFED https://t.co/zNlWtWZ2XA
⚠️ BLACKSTONE-LED CONSORTIUM EYES SNACKS BUSINESS OF INDIA'S HALDIRAM'S, SOURCES SAY Full Story → https://t.co/vk6057C0pN A consortium including Blackstone, Singapore state fund GIC and Abu Dhabi Investment Authority (ADIA) is in talks with India's Haldiram's for a majority… https://t.co/jxCHnmnNnL
Haldiram Snacks on sale? Know latest development https://t.co/oOvrzLCrF6
Haldiram's on sale? Know latest development https://t.co/oOvrzLCZuE
A deal with Haldiram's has been fancied by PE investors for more than a decade. Every 2-3 years there is a new suitor and a process. But a deal never happens. Kellogg's and Pepsi have also held discussions Now it's Blackstone & Bain at $8.5 bn valuation, ET reports https://t.co/GzNYdkfNXk
#Vendanta founder #AnilAgarwal in a heartening post revealed the struggles he faced while running a business. https://t.co/xPRBMJD1vL