Tata-Haldiram Deal : Tata Wants To Buy 51% Stake in Haldiram, Know Where Problem is Getting Stuck
Tata-Haldiram Deal : Tata Group's consumer business unit is in talks to buy at least 51 percent stake in Indian snack food maker Haldiram. However, Haldiram wants to do this deal with a valuation of $10 billion. And Tata Group is not comfortable with this valuation. Two people associated with this case gave information in this regard.
Tata Consumer will join the important race
If this conversation moves forward. And some kind of deal is made in this regard. So Tata Group may have direct competition with Pepsi and billionaire Mukesh Ambani's Reliance Retail.
Haldiram is talking to other equity firms
People aware of this matter have given information. That Haldiram is also in talks with other private equity firms including Bain Capital for the sale of 10 percent stake. Haldiram is quite popular in India. And its products are used in almost every household.
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Tata's valuation seems high!
Sources said that Tata Consumer Products is in negotiations to buy stake in Haldiram. A third person aware of the matter said that Tata wants to buy more than 51 percent stake in Haldiram. But he has told the snacks company that his demand is very high.
The person said that this possible acquisition will bring a great opportunity for Tata. The reason for this is this. That Tata Consumer is known as a tea company. Whereas in the consumer space, Haldiram's name is very big and the share is quite high.
When asked about this, a spokesperson of Tata Consumer Products said that the company does not comment on the speculations going on in the market.
Superfast News Coverage By YuvaPatrkaar.com Team
Publish Date: September 6, 2023
Posted By Ravi Kumar