Blackstone negotiates for a 20% stake in Indian snack company Haldiram's amid valuation disputes.

Blackstone, a major US investment firm, is discussing acquiring a 20% stake in Haldiram's, an Indian snack company, for about $8 billion. Initially, Blackstone sought a majority stake, but a disagreement over the company's valuation, with Haldiram's aiming for $12 billion, has arisen. Other investors like Bain Capital, Temasek, and ADIA are also interested in a minority stake in the company.

November 14, 2024
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