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LG Electronics is considering raising the valuation of its Indian unit to as much as $15 billion in preparation for a planned initial public offering (IPO) in Mumbai next year. This decision follows initial feedback from analysts and investors. In another significant development, Blackstone is reportedly emerging as the lead bidder for a 20% stake in Haldiram Snacks, valued at approximately $1.6 billion. This acquisition comes after months of negotiations and highlights Blackstone's growing interest in the Indian snack market, particularly for the well-known Aloo Bhujia brand.
#LiteBiteFoods in talks to sell minor stake to strategic #investors https://t.co/IFIHJ79pw3
A much loved, quintessential Indian bujiya and khana brand Haldiram will now be partly owned by America, Singapore & the UAE ! Fries, dumplings & beef burgers at Haldiram restaurants soon? So much for Modi govt’s chest thumping economic nationalism & domestic capital bravado https://t.co/uuWIlhlARp
Blackstone is emerging as the lead bidder for a 20% stake in Haldiram Snacks for about $1.6 billion, following months of negotiations, sources say https://t.co/qCbEmmsgH5 via @markets
