Big PE fund eyes a historic ₹50k+ Cr buyout deal for Haldiram's

The country’s 87-year-old snack brand Haldiram has been offered a purchase offer.

It’s worth around Rs 66,400-70,500 crore.

But the deal offered is in Rs 49,136 crore - Rs 53,580 crore range.

It’s made by the world’s biggest private equity fund, Blackstone, with the Abu Dhabi Investment Authority (ADIA) and GIC of Singapore.

This could be the biggest buyout by a private equity firm in India. 

The deal's not final yet, but it's a big move for Haldiram, which recently merged its branches in Delhi and Nagpur. 

This could change things for the company, which sells snacks and foods worldwide.

When asked for comment, Haldiram CEO KK Chutani told ET, "The company has no comments to offer." 

Last May, Chutani took over as Haldiram's CEO, a first for the company. 

Merger Deals:

The completion of any deal relies on merging the Nagpur and Delhi branches, expected within the next few months. 

This restructuring forms Haldiram Snacks Food Pvt Ltd (HSFPL), with the Delhi side holding 55% and Nagpur 45%. 

Haldiram sells snacks, sweets, beverages, and more, globally. Its restaurant business valued at Rs 1,800 crore, remains separate from the deal.

Established in 1937, Haldiram faces competition from big brands like PepsiCo and Balaji Snacks.