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👉A consortium led by Blackstone, along with Abu Dhabi Investment Authority (ADIA) and GIC of Singapore have reportedly submitted a non-binding bid to acquire a controlling stake in Haldiram Snacks Food. Haldiram is India’s largest snack and convenience food company and if the deal goes through, it would be the largest equity buyout in India.
👉According to a report in The Economic Times, the consortium is keen to buy 74-76 per cent of the company, valuing the business at $8-8.5 billion (Rs 66,400-70,500 crore). transaction is conditional upon the successful merger between the Nagpur and Delhi factions as part of a plan approved by National Company Law Tribunal (NCLT). It’s expected to get completed in the next three-four months, as the Competition Commission of India (CCI) approved it last April.✅
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