A consortium that includes the Abu Dhabi Investment Authority is negotiating to acquire the restaurants of the Indian company “Haldiram”.
It was reported that Abu Dhabi Investment Authority ADIA is in negotiations with the Indian Restaurants Company. Haldiram“, regarding a possible acquisition of its snacks business, Reuters reported, citing two sources familiar with the discussions.
A consortium that includes the Abu Dhabi Investment Authority makes an offer for “Haldiram”
And beingAbu Dhabi Investment Authority Talks through a consortium led by the American alternative investment management company Blackstone, which also includes the Singaporean sovereign wealth fund GIC.
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The Blackstone-led consortium has reportedly made a non-binding offer for a 75% majority stake in Haldiram’s Indian snacks business, with a potential deal valuing the company at up to US$8.5 billion.
The sources added that the final percentage of the share and its evaluation have not yet been determined, as the talks are still at an early stage.
The Indian newspaper, The Economic Times, was the first to publish news of the deal talks.
Haldiram Company is considering selling a majority stake
Haldiram was considering giving up a majority stake in both its snack food and restaurant businesses in September 2023 to the Indian IT company Tata Group, for $10 billion. Negotiations with the local bidder have since stalled, with no active agreements, Reuters reported, citing another unnamed source.
Haldiram, a familiar name in…India More than 15,000 restaurants sell local foods, sweets, and Western cuisine.
