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Hindenburg alleges scandal by USA's largest fund Blackstone. Says Blackstone employed the Sebi chief's husband to take advantage from policy making in India. US Foreign Corrupt Practices Act prohibits US companies from indulging in corruption or bribery in foreign countries.
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The deal will value Haldiram at between Rs 70,000 and 78,000 crore, however, the final offer to the snacks maker's promoters will be based on the results of the due diligence procedure
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The transaction saw Blackstone’s affiliate BCP Topco IX Pte offload 2.85 crore equity shares
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