Three suitors—Alpha Wave, Blackstone, and Bain—compete for a ₹75,000-₹80,000 Cr stake in Haldiram. A historic deal unfolds.
Alpha Wave offers ₹11,250-₹18,750 Cr for a 15-20% Haldiram stake, shaking up the snack-food industry.
Haldiram achieved ₹12,800 Cr revenue, ₹2,580 Cr EBITDA, and ₹1,400 Cr profit, drawing private-equity interest.
Promoters explore an IPO with a ₹93,500 Cr valuation target in 12-24 months. Investors see listing as a key exit plan.
Haldiram’s promoters have engaged with Tata, Kellogg’s, and PE firms since 2016, yet deals have been elusive.
With Delhi holding 56% and Nagpur 44% post-merger, Haldiram is positioned for unified operations and growth.
Haldiram aims for a ₹10 billion valuation, potentially redefining India’s snack market. All eyes are on its next move.