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General Atlantic bets on Balaji Wafers, to buy minority stake

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.
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