Tata Consumer Products Limited (TCPL) has announced that it is not in talks to acquire 51 per cent stake in Haldiram.  According to some reports, the FMCG division of Tata Group is in talks with Haldiram to buy its shares.  In some media reports, it is also being said that there is no consensus on the high valuation.

Tata Consumer Products Limited (TCPL) has said that it is not in talks to buy 51 per cent stake in Haldiram’s.

 According to some reports, the FMCG arm of Tata Group is in talks with the company to buy a stake in it.

High valuation did not matter

 However, it was also said in the media reports that due to the high valuation, nothing has been done yet.  Haldiram is a leading company in the snacks, namkeen as well as restaurant sector.  This clarification from the company

 After the arrival of this news, answers have been given by NSE and BSE after seeking their reply.

both parties silent

 A company spokesperson had said on Wednesday, “Tata Consumer Products does not comment on speculations running in the market.”  When contacted, the management of Haldiram’s refused to comment in this regard.

 TCPL has brands such as Tata Salt, Tata Tea, Tetley, Tata Coffee, Tata Soulful and Eight O’Clock in the tea, coffee and beverages segment and Himalayan, Gluco+ in liquid beverages.  The company is also expanding into the food and beverages sector.