Global Consortium Bids $8.5 Billion for Majority Stake in Haldiram's

Blackstone, ADIA, and GIC seek to acquire a controlling share in India's iconic snacks and sweets brand.

The bid targets a 76% stake in Haldiram's, combining its Delhi and Nagpur operations.
Haldiram's, founded in 1937, is a leading player in India's $6.2 billion savory snacks market.
The company exports to over 80 countries and operates more than 150 restaurants.
Previous acquisition talks with Tata Group valued Haldiram's at $10 billion.
Blackstone-led consortium's offer is currently non-binding and in early stages.