Haldiram's IPO in the Works? Rumors in Market as Group Rejects $8.5 Billion Bid from Global Investor

Haldiram's IPO in the Works? Rumors in Market as Group Rejects $8.5 Billion Bid from Global Investor

Haldiram Snacks, a renowned Indian snack company, is considering an initial public offering (IPO) after rejecting acquisition offers from investors like Blackstone and Bain & Company for not meeting the Agarwal family's $12 billion valuation expectation.

The family received bids ranging from $8 billion to $8.5 billion.

With India's IPO market booming, raising nearly $4 billion so far this year, going public remains an attractive alternative for Haldiram.

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