18 Sep 2025 | 5 Mins Read
General Mills bids for 10% stake in Balaji Wafers
Flipitmoney
Balaji Wafers, a ₹6,500 cr Gujarat-based snack maker, is exploring a minority stake sale to global suitors. US food major General Mills has expressed interest in acquiring a significant hold, while at least 10 PE investors are in talks. The valuation is around ₹40,000 crore ($4.53 bn) as Balaji prepares for a potential IPO, with proceeds going into a family trust, not company operations.