![Haldiram's, a household name in India, has more than 150 restaurants selling local food, sweets and western cuisine. It also has a popular snacks business for which the deal talks are currently ongoing. (Image: Reuters/File) Haldiram's, a household name in India, has more than 150 restaurants selling local food, sweets and western cuisine. It also has a popular snacks business for which the deal talks are currently ongoing. (Image: Reuters/File)](https://images.news18.com/ibnlive/uploads/2021/07/1627283897_news18_logo-1200x800.jpg?impolicy=website&width=510&height=383)
Haldiram’s, a household name in India, has more than 150 restaurants selling local food, sweets and western cuisine. It also has a popular snacks business for which the deal talks are currently ongoing. (Image: Reuters/File)
The consortium of Blackstone, Singapore state fund GIC and Abu Dhabi Investment Authority has submitted a non-binding bid for a 75% stake and the talks are in early stages, while final percentage and valuation has not yet been decided
The popular food and snacks chain Haldiram is attracting global investors with a reported non-binding bid of $8.5 billion for a controlling stake. The consortium, led by Blackstone, ADIA, and GIC, is eyeing up to 76% ownership in Haldiram Snacks Food.
Haldiram, a renowned household name in India, operates over 150 restaurants offering a variety of local and western cuisine, along with a thriving snacks business. The potential acquisition would unite the two factions of the Agarwal family, merging Haldiram Foods International and Haldiram Snacks Private Limited.
Previously courted by VC firms like Bain Capital and Warburg Pincus, Haldiram’s journey from a small sweets shop in Bikaner to a global presence in 80 countries is a testament to its success and appeal in the food industry.