Blackstone withdraws from Haldiram’s stake sale over valuation concerns

Blackstone withdraws from Haldiram’s stake sale over valuation concerns

Blackstone has exited discussions to acquire a minority stake in Haldiram’s, one of India’s leading snack brands, over differences in valuation, according to a report by Reuters citing unnamed sources familiar with the matter. Temasek remains in contention for the minority stake, per another source. Blackstone spent seven months on the deal but has now fully withdrawn from negotiations. The investment firm initially sought a majority stake but l…