Haldiram's wants to acquire majority stake in Prataap Snacks
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Haldiram's, a leading Indian snack manufacturer, is in preliminary talks to acquire a majority stake in competitor Prataap Snacks, a company valued at $350 million. The goal is to expand its footprint in the potato chip market. Haldiram's is considering a stake of at least 51%, with the final percentage yet to be decided. The deal's valuation has not been disclosed but could be higher than Prataap's stock price.