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