18-October-2024
Corporate News
 
Haldiram Snacks' promoters revise stake sale plans, look to offload 10-15%
17-Oct-2024

The promoters of Haldiram Snacks Food Pvt Ltd, one of India’s leading snack manufacturers, have revised their plans to sell a majority stake in the company. They are now looking to offload 10-15 per cent minority stake, according to a report by Mint. The company, which has attracted interest from top global investors, is now being evaluated by private equity firms Bain Capital, Blackstone, and Temasek Holdings. Earlier reports indicated that Haldiram’s promoters were considering to sell a controlling 51 per cent stake, which would have valued the company at $8-10 billion. However, the latest decision indicates a shift towards selling a minority stake. This may be due to the company’s strong profitability and cash generation potential, the news report mentioned.

News Source:- https://www.business-standard.com/companies/news/haldiram-snacks-promoters-revise-stake-sale-looks-to-offload-10-15-124101700222_1.html