Rs 67,943 crore valuation! Blackstone eyeing a $1.6 billion bite of Aloo Bhujia maker Haldiram's – Details

Private equity giant Blackstone is eyeing a significant stake in Haldiram’s, one of India’s largest producers of snack foods, with an investment of around USD 1.6 billion. The deal would see Blackstone acquire a portion of Haldiram’s business, particularly its distribution channels and expansion into international markets. Haldiram’s, which has a strong presence in the domestic market, is looking to expand its footprint globally, particularly in the Middle East and North America. Blackstone’s investment is expected to help Haldiram’s scale its operations and leverage Blackstone’s global network to enhance its international market presence. The deal highlights the growing interest in India’s packaged food sector.