India’s Haldiram’s seeks to buy rival Prataap Snacks
Reuters
Reuters exclusively reported that Indian snacks maker Haldiram’s, which values itself at around $10 billion, is in talks to acquire a majority stake in listed rival Prataap Snacks to expand its presence in the thriving potato chip market. Prataap competes with Pepsi’s Lay’s brand and other snack-makers in the booming Indian market where local, unorganised food sellers still dominate the fried chips segment. Peak XV, previously known as Sequoia Capital, was eyeing an exit from the small Indian firm, Reuters reported.
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