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Haldiram’s will not be sold, speculation will end, the common man of the country will become the owner

Sagar Patel

By Sagar Patel

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Haldiram is a household name

Be it visiting a sister’s house on Rakshabandhan or sending sweets to relatives on Diwali, if there is one brand recognized in every Indian household, it is ‘Haldiram’. Speculations about Haldiram’s sale have been rife in the market for a long time. Sometimes news comes that Tata Group wants to buy it and sometimes the world’s largest private equity fund ‘Black Stone’ is interested in it. Now this news seems to be coming to an end.

Yes, the latest news is that ‘Haldiram’ has not received the expected valuation from either Tata Group or Blackstone Consortium. There were reports that the latest negotiations were being carried out through a consortium of Blackstone and other companies, which is said to be now in bad shape as well. Instead, ‘Haldiram’ is now considering launching its own IPO.

Haldiram IPO may come

Currently, the brand ‘Haldiram’ is managed by three different companies. But overall, ‘Haldiram”s business is solely with the Agarwal family. Of its three parts, one is in Kolkata, which is not yet part of any sales agreement. The brand is owned by Haldiram Snacks Private Limited in Delhi and Haldiram Foods International Private Limited in Nagpur, which were close to merging during talks with Blackstone Consortium. On this basis, the company’s valuation was estimated at $8 billion.

The business of ‘Haldiram’ in Delhi is with Manohar Agarwal and Madhusudan Agarwal. While the Nagpur business is with Kamalkumar Shivkishan Agarwal. After the merger, the name of the new company would become Haldiram Snacks Food Private Limited. But now the news is that only the owners of Delhi-based Haldiram Snacks Private Limited are going to file for their IPO. Haldiram’s sole restaurant business is worth Rs 1.8 billion.

He wants a valuation of $12 billion.

Citing sources familiar with the matter, ET claimed in a news story that when ‘Haldiram’ was in talks with Tata Group, it had estimated a valuation of $10 billion. Then, during talks with Blackstone Consortium, ‘Haldiram’ wanted a valuation of $12 billion, but got a valuation of only $8 billion.

Sources say that now “Haldiram” has decided to go public only with a valuation of between 8 and 8.5 billion dollars. However, nothing has been officially said about it yet. ‘Haldiram’ was started by Ganga Bishan Agarwal in Bikaner in the 1930s.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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