India's Tata in talks to acquire Haldiram's

Indian conglomerate Tata Group-owned Tata Consumer Products is reportedly in talks to acquire stakes in snack maker Haldiram’s.

Tata Consumer Products wants to acquire at least a 51% stake in the brand.

The snack maker reportedly demanded a $10 billion or Rs 83,000 crore valuation, to which Tata said the ask is “very high”.

Tata Consumer Products hesitates to acquire Haldiram’s stake at a $10 billion valuation, given that the snack maker generates around $1.5 billion in revenue annually.