Companies from all over the world have been eyeing Haldiram Snacks Private Limited for a long time. The attempt made by Tata Group and Blackstone to buy Haldiram was unsuccessful. Haldiram rejected all the offers due to low valuation and said that now they will focus on taking their business forward. Now Temasek Holdings has tried to become a part of Haldiram instead of buying it. This singapore investment company is interested in buying 10 to 15 percent stake in India's food and snacks company Haldiram. If this deal happens, Haldiram's market value will be around 11 billion dollars.
Temasek is trying to become a partner instead of buying Haldiram
Citing 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 move forward. 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 happens, Haldiram can also bring its IPO in the market. Haldiram is also in talks with other companies regarding this.
Haldiram is looking at many options regarding IPO and business
Haldiram was founded in 1930 by ganga Bishan Agarwal. It built its brand by selling many types of sweets and namkeen. It also has about 43 restaurants in delhi and surrounding areas. According to a Bloomberg report, the Agarwal family has been planning for 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 shareholder is a good option for everyone.
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