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Chips-maker Balaji valued at Rs 35k crore, US fund to buy 7%

contact@dailyupdatesindia.com6 months ago01 mins

MUMBAI: Balaji Wafers plans to IPO the business in about five years or so as it gears up to get General Atlantic on board as an investor, said founder and MD Chandubhai Virani.The American private equity (PE) firm is acquiring a 7% stake in the Rajkot-based snacks company, valuing it at around Rs 35,000 crore,…

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