Indian snack company, is indeed considering an Initial Public Offering (IPO) to raise funds. This comes after negotiations to sell the company to foreign investors stalled due to valuation disagreements.
Reason for IPO: Haldiram’s is looking to raise capital for expansion, product diversification, and potentially technological and infrastructural advancements.
Failed Sale Talks: The Agarwal family, owners of Haldiram’s, reportedly received bids between $8 billion and $8.5 billion, which fell short of their desired valuation of around $12 billion.
IPO Stage: The IPO is still in its preliminary stages. The Agarwal family might still consider lowering their asking price and pursuing a sale.
