According to Reuters on November 14, sources said on Thursday that Blackstone has abandoned plans to acquire the majority stake in India's Haldiram's snack business, but is now discussing purchasing 20% of the shares at a valuation of 8 billion US dollars. According to Euromonitor International, Haldiram's holds close to 13% market share in the 6.2 billion US dollar savory snack market in India and owns over 150 restaurants. In May of this year, there were reports that a consortium led by Blackstone was considering acquiring 75% of the company's shares and made a non-binding offer. However, these negotiations did not lead to a deal as Haldiram is no longer keen on selling a significant amount of shares.