Blackstone Out of Race for India's Haldiram's over Valuation Concerns
Haldiram's snacks business is estimated to hold a near 13% share of India's $6.2 billion savoury snacks market, with valuation being a key sticking point in the deal talks between Haldiram's and Blackstone. The private equity investor had initially wanted around a 15% stake at a valuation of roughly $8 billion, but negotiations ultimately failed to bridge the gap. Rival bidder Temasek remains in the race to acquire a minority stake in the business.
- The India snack market's attractiveness is not limited to its size; its growth potential and diversification across various categories will be crucial for long-term success.
- What role can foreign investors play in helping Indian companies navigate shifting consumer preferences, regulatory challenges, and supply chain complexities?