Indian snack maker Haldiram's considers to raise funds via IPO: Report
Tata Motors share price gains as brokerages maintain bullish stance; stock up 7% in one weekHaldiram’s received bids in May from a Blackstone Inc.-led consortium, which included the Abu Dhabi Investment Authority and GIC Pte, as well as from a consortium led by Bain & Co. and Temasek Holdings Pte, according to local media reports.The IPO considerations are still in the preliminary stages, and the controlling shareholders might still choose to lower their asking price and proceed with a sale, the sources added.India has become a hotspot for IPOs, raising approximately $3.9 billion so far this year—double the amount raised during the same period in 2023 and surpassing the combined totals of Hong Kong and Korea, according to data compiled by Bloomberg.Also read: Multibagger alert! Kesar India share price skyrockets over 3600% in 2 years.
Do you own it?Founded by Ganga Bishan Agarwal in the 1930s in North India, Haldiram’s offers a variety of foods, including sweet and savory snacks, frozen meals, and breads. The company also operates 43 restaurants in and around Delhi, according to its website.(With inputs from Bloomberg) Milestone Alert!
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