- The consumer division of Tata Group is in negotiations to acquire at least 51% of Indian snack food producer Haldiram’s, but it is uneasy with the $10 billion valuation demanded.
- Given that Haldiram’s yearly sales are approximately $1.5 billion, Tata Consumer Products, which owns the UK tea giant Tetley and has a partnership with Starbucks in India, has baulked at the $10 billion estimate.
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