Haldiram: The fund is ready to bid for Rs 40,000 crore, with Haldiram leading the buyout race.

Haldiram, famous for its delicious snacks, is being considered. According to a report by Moneycontrol, the world's largest private equity fund, Blackstone Inc. This has increased the bidding for this popular Indian fast food brand. If the acquisition goes through, it could create a stir in the Indian snacks industry. Rumors are rife that investors are eyeing a majority stake in Haldram for around Rs 40,000 crore. The deal is expected to value the Haldiram brand at Rs 70,000-78,000 crore. A final offer to snack company owners depends on the outcome of a thorough investigation process. The arrangement will enable the private equity firm to acquire Haldrum's manufacturing division, while Blackstone will acquire a perpetual license. Money Control suggests that all issues like restaurant ownership and brand licensing have been resolved in the deal. The brand will still retain control over brand rights and restaurant management. Also Read: PM Kisan Yojana: Keep these in mind before availing 18th installment this year Haltram is looking for customers from 2023 onwards. Because of Haldram's idea of ​​going public, the negotiation process is taking longer than expected. Singapore's Temasek and Bain expressed interest in acquiring the company earlier this year. Talks with Blackstone are nearing completion, said a banker familiar with the talks. Haltram expects a valuation of Rs 78,000 crore for the 51% stake, the highest offer received so far. A final agreement for the transaction is expected to be finalized in the coming months. Also Read: Unemployment: Mansukh Mandaviya gives good news, jobs to pick up in near future and unemployment to drop to more than 3% Haldiram: Leading race to buy Haldiram, fund ready to bid for Rs 40,000 crore First appeared in Prabhat.