Alpha Wave, two others eye 15% stake in Haldiram's at $9 bn valuation

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Alpha Wave, two others eye 15% stake in Haldiram's at $9 bn valuation - Business Standard

Quick Summary:

The Agarwal family is also debating the possibility of a public listing post-sale, anticipating a valuation of Rs 93,500 crore ($11 billion) through an IPO.

The company’s merger process, approved by the National Company Law Tribunal (NCLT) and greenlit by the Competition Commission of India (CCI) in April this year, is set to unify the two factions.

While investor discussions continue to finalise terms, stakeholders are emphasising clear operational agreements and valuation metrics to navigate Haldiram's strategic path forward.