May 14, 05:05 AM

Blackstone & Bain in Talks for $8.5 Billion Valuation of Haldiram's, Consortium Eyes Majority Stake for Sale

Private equity investors have long been interested in a deal with Haldiram's, with Kellogg's and Pepsi also holding discussions previously. Blackstone and Bain are now in talks for an $8.5 billion valuation. A consortium including Blackstone, Singapore state fund GIC, and Abu Dhabi Investment Authority is also in discussions with Haldiram's for a majority stake.