Blackstone and Haldiram’s Jaw-Dropping Agreement
American private equity firm Blackstone, Abu Dhabi Investment Authority (ADIA), and Singapore’s GIC plan to invest INR 40,000 crore in the iconic Indian brand Haldiram. However, this is not the first time this consortium has bid to acquire a majority stake in the company. On May 15 2024, it was rumoured Blackstone led a consortium…
JYOTI
Foreign Attempts to Control 76% of Haldiram’s Legacy
According to the reports, Blackstone, a leading private equity firm, along with Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC, has put forward a non-binding offer to acquire a 76% stake in Haldiram for $8.5 billion. Haldiram is an 87-year-old renowned food, sweet, and snack chain established in Bikaner, Rajasthan, in 1937. The food chain…
Vipin
Funding the Future: India’s Healthcare Sector Soars
Bain & Company published a report on Thursday revealing a significant boost in the Indian health and pharmaceutical sector. The sector received an impressive $5.5bn capital investment in 2023, a remarkable 25 percent jump from the previous year. This substantial increase in funding and the ambitious multibillion-dollar acquisition pledge made by global private equity executives…
Swarnendu