Haldiram's in talks to buy India-listed Prataap Snacks as Peak XV looks for exit: report
Peak XV Partners, formerly known as Sequoia Capital India, owns around 47% of Prataap Snacks.
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Peak XV Partners, formerly known as Sequoia Capital India, owns around 47% of Prataap Snacks.
Haldiram's is eyeing a majority stake of at least 51%, but a final number has not been decided
Indian snack maker Haldiram's is in talks to acquire a majority stake in Prataap Snacks, valued at $350 million, to expand its presence in the potato chip market. The talks are at an early stage and a valuation has not been discussed, but it could be at a premium to Prataap's stock price.
Indian snacks maker Haldiram's is in talks to acquire a majority stake in rival Prataap Snacks to expand its presence in the potato chip market
Haldiram S: The talks are at an early stage and a valuation has not been discussed, though it could be at a premium to Prataap's stock price. Haldiram's is eyeing a majority stake of at least 51%, but a final number has not been decided, said the sources, who declined to be named as the discussions are confidential.