Blackstone has dropped plans to acquire a majority stake in the snacks business of India's Haldiram's but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a sticking point,

Blackstone has dropped plans to acquire a majority stake in the snacks business of Haldiram’s instead it is now discussing purchase of a 20 percent stake at a valuation of $8 billion, which is still a sticking point, Reuters reported citing sources.

Blackstone, a top global investment firm, is said to be in talks to buy a 20% stake in India 's iconic snack brand, Haldiram's. The talks are based on an estimated $8 billion valuation for the company,

Haldiram's, which Euromonitor International estimates has a share of almost 13% of India's $6.2-billion market for savoury snacks, has more than 150 restaurants, but many foreign investors are salivat

Blackstone has shifted gears in its pursuit of Haldiram's snacks business, aiming for a 20% stake at a $8 billion valuation after plans for a majority acquisition fell through. Haldiram's, seeking a $12 billion valuation,

Blackstone has scaled back its ambitions in its pursuit of India's popular snack maker Haldiram's. Initially aiming for a majority stake, the investment firm is now in talks for a 20% share, valuing the business at $8 billion.