New Delhi: The popular food and snacks chain Haldiram is up for grabs as a global group of investors has reportedly submitted a non-binding bid to acquire a controlling stake worth $8.5 billion in the company that was founded in Bikaner, Rajasthan in 1937. A global consortium led by top private equity (PE) firm Blackstone, along with Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC, have submitted the bid last week for up to 76 per cent stake in Haldiram Snacks Food, according to reports. Haldiram or the global consortium was yet to confirm the development. The food chain is the combined packaged snacks and foods business of the Delhi and Nagpur factions of the Agarwal family. Whil
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