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Resurfacing a May 2024 report: Blackstone and Bain-Temasek circled Haldiram's with $8-8.5 billion bids as promoters denied a sale
Blackstone and a Bain Capital-Temasek consortium made separate non-binding offers for Haldiram's, with Bain and Temasek valuing it at $8-8.5 billion. Promoters and company officials deny any plan to sell, and Tata Consumer earlier denied stake talks.
- Bain-Temasek non-binding offer valuation
- $8-8.5 billion
- Stake Blackstone-led group reportedly sought
- up to 76 per cent
- Combined revenue
- about Rs 9,000 crore
- Retail outlets stocking products
- more than 7 million
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Reported figures
From the report. Source details below
| Reported valuation the promoters found unappealing: | $8.3 billion |
|---|---|
| Stake Blackstone-led group reportedly sought: | up to 76 per cent |
| Combined revenue: | about Rs 9,000 crore |
| Retail outlets stocking products: | more than 7 million |
Why it matters to operators and investors
Whoever ends up owning Haldiram's, its reach into more than 7 million outlets is the distribution benchmark rivals and retail partners will be measured against, but with promoters denying any sale, treat this as a watch item rather than a reason to change shelf or trade terms today.
What to watch next
- A binding offer or signed term sheet from either bidder
- A change in promoter language from flat denial to 'exploring options'
- A revised headline valuation above or below the $8-8.5 billion range
- Reports that the stake on offer falls below the roughly 76% first sought
- Tata Consumer or another strategic buyer re-entering the process
The source
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First seen