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The Bain and Temasek combination submitted a non-binding offer late last week valuing Indias largest snack and convenience foods company at $8-8.5 billion (Rs 66,400-70,500 crore), after initially engaging with the founding family of the 87-yearold brand separately, said people aware of the matter.
Haldiram becomes the battleground for Bain Capital and Blackstone-led consortium, with bids reaching USD 8-8.5 billion, setting the stage for India's largest private equity acquisition.
Haldiram Snacks: The Bain and Temasek combination submitted a non-binding offer late last week valuing India’s largest snack and convenience foods company at $8-8.5 billion (Rs 66,400-70,500 crore), after initially engaging with the founding family of the 87-yearold brand separately, said people aware of the matter.
Bain and Temasek submitted a non-binding offer late last week that valued Haldiram Snacks Food at around $8-8.5 billion (Rs 66,400-70,500 crore).
On January 9, State-Owned Enterprises Minister Paul Goldsmith and Finance Minister Nicola Willis were given a Treasury briefing 28 years in the making. The...