Blackstone, ADIA, GIC submit non-binding $8-8.5B bid for 74-76% of Haldiram Snacks Food, India's largest potential private equity buyout.

Blackstone, ADIA, and GIC have submitted a non-binding bid to acquire a controlling stake in India's Haldiram Snacks Food, valued at $8-8.5 billion. The consortium aims to buy 74-76% of the company, which would make it the largest private equity buyout in India if successful. The transaction is dependent on the successful merger of the Delhi and Nagpur factions of the Haldiram family.