PepsiCo enters Haldiram's stake bid, execs in direct talks: Report

PepsiCo has joined the race to buy a minority stake in the Indian snacks giant Haldiram's, according to the Economic Times. PepsiCo executives reportedly initiated the stake sale bid and are currently holding advanced-level talks with the promoters of the snack company, the Agarwal family. The Agarwal family, seeking their first external investment, expects a valuation of ₹85,000-90,000 crore.