Blackstone Is Said to Emerge as Top Bidder for Haldiram Deal
- Other investors in the bidding consortium include GIC and ADIA
- Blackstone-led group may pay $1.6 billion for 20% in Haldiram
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A consortium led by Blackstone Inc. has emerged as the preferred bidder for a minority stake in Haldiram Snacks Pvt., people familiar with the matter said, following months of negotiations on a potential deal.
Blackstone, which is in talks to team up with Singapore state investor GIC Pte and Abu Dhabi Investment Authority, may pay around $1.6 billion for a 20% stake in Haldiram, the people said, asking not to be identified because the deliberations are private. A transaction could value India’s biggest snacks maker at about $8 billion, the people said.