Big news about Haldiram's, a famous Indian snack company! A huge investment company, Blackstone, wanted to buy a part of Haldiram's, but they couldn't agree on the price. It's like when you and a friend can't agree on how much to sell your old toys for.
- Blackstone wanted to buy a piece of Haldiram's, but the deal fell through.
- Another company, Temasek, is still interested in buying a part of Haldiram's.
- The main problem was the price. Haldiram's wanted a higher price than Blackstone was willing to pay.
| Company | Desired Stake | Valuation (in billions of dollars) |
|---|---|---|
| Blackstone | 15% | $8 |
| Haldiram's | - | $10 (wanted) |
Haldiram's makes yummy snacks, and is a very successful company! They even disagree on when to have a public offering of shares(IPO), Blackstone wanted it sooner than Haldiram's.
