Tata Group’s consumer division is looking to acquire a controlling stake of at least 51 percent in Haldiram, a snack food manufacturer. Haldiram has put forth a valuation of $10 billion, but the Tata Group is expressing reservations about accepting this valuation. This move signifies Tata’s interest in expanding its presence in the snack food industry. Negotiations between the two parties are ongoing, and the final terms of the deal remain to be determined.
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