Bain Capital in talks to buy Indian ice cream maker Vadilal - CNBC-TV18

Vadilal Enterprises

10/07/2023 09:36

July 10 (Reuters) - U.S. private investment firm Bain
Capital is in talks to buy Indian ice-cream maker Vadilal and
eyeing control of Vadilal Industries  VDLI.NS  and Vadilal
Enterprises  VADE.BO , CNBC-TV18 reported citing sources on
Monday.
    Bain Capital is also interested in merging the two Vadilal
entities into one company, CNBC-TV18 said in a tweet. 
    Vadilal's ice cream business is valued over 30 billion
rupees ($363.11 million) as per deal talks, CNBC-TV18 added.

($1 = 82.6189 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru; Editing by Nivedita
Bhattacharjee)
 ((aleefjahan.cs@thomsonreuters.com;))