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Resurfacing a January 2025 move: Haldiram's promoter family signed a term sheet to sell a fifth of the company at a $10 billion valuation
Haldiram's promoter family has signed a term sheet to sell a fifth of the company at a $10 billion valuation. Tata Consumer had earlier discussed a 51 per cent stake in September 2023 but was uncomfortable with the price.
- Valuation in term sheet
- $10 billion
- Valuation in rupees
- Rs 83,300 crore
- Stake proposed for sale
- a fifth of the company
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Reported figures
From the report. Source details below
| Valuation in rupees: | Rs 83,300 crore |
|---|---|
| Market expected by 2025-26: | Rs 19,500 crore |
Also in the report
- Stake proposed for sale: a fifth of the company
Why it matters to operators and investors
A $10B mark on Haldiram's, with a projected Rs 19,500 crore namkeen and snacks market by 2025-26, says traditional snacks are a premium category, so expect a better-funded rival competing for shelf space, distribution and promotions, and defend your namkeen assortment and terms accordingly.
What to watch next
- Announcement of the identity and final stake size of the incoming investor
- Signing of binding agreements at or below the $10 billion valuation
- Any renewed Tata Consumer statement or filing on Haldiram's
- Regulatory filings or approvals tied to the transaction
- Valuation moves at listed packaged-food and snack peers after the news
The source
Published
First seen