General Atlantic bets on Balaji Wafers, to buy minority stake
US private equity firm General Atlantic is acquiring a minority stake in Indian snack food maker Balaji Wafers for over Rs 2,000 crore. This investment values the Rajkot-based company at approximately Rs 35,000 crore. The deal aims to support Balaji Wafers' expansion, innovation, and professional team development as it targets an IPO in five years.
