(Reuters) – U.S. private investment firm Bain Capital is in talks to buy Indian ice-cream maker Vadilal and eyeing control of Vadilal Industries and Vadilal Enterprises, 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)
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