Haldiram Snacks: Haldiram Snacks Private Limited has been eyed by companies all over the world for quite some time now. The attempts made by Tata Group and Blackstone to buy Haldiram were unsuccessful. Haldiram had rejected all the offers due to low valuation and said that now he will focus on expanding his business. Now instead of buying Haldiram, Temasek Holdings has tried to become a part of it. This Singapore investment company is interested in buying 10 to 15 percent stake of Indian food and snacks company Haldiram. If this deal goes through, the market value of Haldiram will be around $11 billion.
Instead of buying Haldiram, Temasek is trying to become a partner.
Quoting sources, Business Standard has claimed that since Temasek is trying to become a partner instead of buying the company. In such a situation, this deal can go ahead. This will also help Haldiram to expand its market. At present, Temasek and Haldiram have not given any information on this matter. Sources said that if this deal is done then Haldiram can also bring its IPO in the market. Haldiram is also in talks with other companies in this regard.
Haldiram is looking at various options regarding IPO and business
Haldiram was founded in 1930 by Ganga Bishan Agarwal. It established its brand by selling various types of sweets and snacks. It also has about 43 restaurants in Delhi and surrounding areas. According to a Bloomberg report, the Aggarwal family has been planning for an IPO and selling the business for a long time. Global investors are also eager to be a part of India’s economic progress. In such a situation, buying Haldiram or becoming a partner is a good option for everyone.
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