Tata in talks to buy Haldiram's, snack maker eyes $10 billion valuation: Sources
Tata Group's consumer unit is in talks to acquire a majority stake in Haldiram's, a popular Indian snack food maker. However, Tata is reportedly not comfortable with the $10 billion valuation being sought. If the deal goes through, Tata would compete directly with Pepsi and Mukesh Ambani's Reliance Retail. Haldiram's is also considering selling a 10% stake to private equity firms.