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EN
General Mills Eyes Stake in Balaji Wafers as Global Competition Intensifies for Indian Snack Leader
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PotatoPro
The talks center on acquiring a sizeable minority stake in the homegrown snack maker, one of India's strongest regional brands.
Sources with knowledge of the discussions told ET that the Minneapolis-headquartered owner of brands like Pillsbury and Betty Crocker has approached Balaji's promoters with a proposal that could eventually lead to a controlling interest.
General Mills had not responded to ET's queries at the time of publication.
Balaji dominates the organised snack market in Gujarat, Maharashtra, and Rajasthan, with close to 65% market share in chips, namkeen, and bhujia in these regions.
The company currently runs four plants and plans to double that count as it eyes national expansion.
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