According to the news spreading on the Internet, Tata Consumer Products may buy equity in Haldiram.
Media Source: Tata Consumer Products
Let me tell you, Tata Consumer Products is the FMCG branch of Tata Group while Haldiram is a renowned snacks brand of India.
Media Source: Haldiram.com
Tata Consumer is also in conversation with Haldirams to buy a stake in the company.
According to the rumors, Tata is planning to buy a 51% stake in the company.
Media Source: Unsplash
It is also rumored that Haldiram has asked a valuation of $10 Billion to sell the company to Tata.
Media Source: Wikipedia
Well, neither Tata nor Haldiram CEO Krishan Kumar Chutani has revealed any information regarding this deal Tata Consumer - Haldiram deal.
Media Source: LinkedIn
Apart from that Private Quity Firm - Bain Capital is also in preparation to buy a 10% stake in Haldiram.
Before this, Tata had also tried to buy Bisleri but this deal was not successful and now Jayanti Chauhan is the next successor of Bisleri.
Media Source: Amazon