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Will Tata Buy Haldiram At A Valuation Of $10 Billion?

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According to the news spreading on the Internet, Tata Consumer Products may buy equity in Haldiram.

Media Source: Tata Consumer Products

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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

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Tata Consumer is also in conversation with Haldirams to buy a stake in the company.

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According to the rumors, Tata is planning to buy a 51% stake in the company.

Media Source: Unsplash

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It is also rumored that Haldiram has asked a valuation of $10 Billion to sell the company to Tata.

Media Source: Wikipedia

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Well, neither Tata nor Haldiram CEO Krishan Kumar Chutani has revealed any information regarding this deal Tata Consumer - Haldiram deal.

Media Source: LinkedIn

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Apart from that Private Quity Firm - Bain Capital is also in preparation to buy a 10% stake in Haldiram.

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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

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