Tata eyes majority stake in Haldiram's, $10B valuation remains concern


Content Team
Image Credit: NewsBytes

Tata Group's consumer unit Tata Consumer Products is reportedly negotiating to acquire at least 51% stake in Haldiram's, a famous Indian snack food maker. The acquisition would put Tata, owner of UK tea firm Tetley and partner of Starbucks in India, in direct competition with Pepsi and Reliance Retail. Haldiram's is also discussing the sale of a 10% stake with private equity firms, including Bain Capital.