By Admin 
Haldiram: Haldiram, the largest company in the country, which makes sweets, salty and bhujia, is finally going to sell its stake. Singapore’s government investment company Temasake Holdings is going to buy 9 percent stake of the company at a valuation of Rs 84,000 crore. This deal will be a reunion of family business in a way.
Nagpur Bied Haldiram Foods and Haldiram Snacks of Delhi run two cousins of Aggarwal Family together. Both companies have completed the formalities on the deal of selling stake. Their merger is expected to be formalized soon. After the merger, a unit named Haldiram Foods and Snacks will be created. The product range of these two companies include various sweets, snacks, snacks and itaries.
The process of merger may be completed soon
According to information quoted by sources, Haldiram’s products are exported on a large scale to all countries where Indians are inhabited. The reach of the brand will increase further on the basis of valuation. The deal has been finalized at Rs 84,000 crore, considering both companies as the same business.
Planning of this unit may also be to launch IPOs in the coming time. Preparations are being made to complete the process of merger as soon as possible. The company is expected to be announced in about two weeks. In addition to selling 9 percent stake from Temassai Holdings, there is also talk of the remaining 5 percent stake and selling.
Earlier conversation was going on with Blackstone
Earlier, Haldiram’s conversation to sell the company’s stake was going on with the American investment company Blackstone Inc., but the deal could not be finalized. First Blackstone said that the company asked to buy 75 percent stake, but the company was not ready to sell such a huge stake.
Blackstone then talked about finalizing the deal for $ 8 billion to buy a 20 billion stake in Haldiram, but the business costs $ 12 billion. After this, Blackstone started finding this deal expensive, but Haldiram was adamant on a valuation of $ 12 billion.
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