Three suitors-Alpha Wave, Blackstone, and Bain-compete for a Rs 75,000- Rs 80,000 Cr stake in Haldiram. A historic deal unfolds.
Alpha Wave offers Rs 11,250- 18,750 Cr for a 15-20% Haldiram stake, shaking up the snack-food industry.
Haldiram achieved Rs 12,800 Cr revenue, Rs 2,580 Cr EBITDA, and Rs 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 Rs 10 billion valuation, potentially redefining India's snack market. All eyes are on its next move.