Tata Consumers denies report of buying 51% stake in snack food maker Haldiram's

livemint.com:

Tata Group's consumer unit, Tata Consumer Products Ltd has denied the report carried out by news agency Reuters that it is in talks to buy at least 51% of popular Indian snack food maker Haldiram's but is not comfortable with the $10 billion valuation sought. In a regulatory filing Tata Consumer Products stated in reference to the news article captioned " India’s Tata seeks control of Haldiram’s, snack maker wants $10 billion valuation" which appeared in www.reuters.com on September 6, 2023.

In this regard, we wish to clarify the following as sought in the letter/email from NSE and BSE: (a) Whether such negotiations/events were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order from the start of negotiations/events till date. Ans: The Company is not in negotiations as reported in the above-referred news article.

Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the movement in the trading, if any? Further, you are advised to provide the said information and the reasons for not disclosing the same to the Exchange earlier as required under regulation 30 of the SEBI (LODR) Regulations, 2015. Ans: We are not aware of any information that has not been announced to the Exchanges, which requires disclosures under Regulation 30 of the SEBI (LODR) Regulations, 2015.