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