Major Players Vie for Control: Blackstone, ADIA, and GIC Lead Bid for Haldiram Snacks Food Pvt Ltd

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In a landmark move poised to reshape India’s snack food landscape, global investment giants Blackstone, ADIA (Abu Dhabi Investment Authority), and GIC (Government of Singapore Investment Corporation) have jointly submitted a non-binding bid to acquire a controlling stake of 74-76% in Haldiram Snacks Food Pvt Ltd. The bid places the valuation of the esteemed Indian snack food company at an impressive $8-8.5 billion.

If successful, this acquisition would mark a historic milestone as the largest private equity buyout ever witnessed in India’s vibrant market. The consortium’s bold move underscores the growing investor confidence in the immense potential of the Indian snack food sector, known for its robust growth and enduring consumer demand.

The bid comes on the heels of Haldiram’s strategic demerger, which saw the separation of its FMCG (Fast-Moving Consumer Goods) businesses into Haldiram Snacks Foods, setting the stage for focused and agile operations geared towards sustained growth and market leadership.

As Blackstone, ADIA, and GIC vie for control, their collective expertise and financial prowess promise to inject fresh momentum into Haldiram’s journey, propelling the company towards new heights of success and cementing its position as a formidable player in the global snack food arena.