EQT Partners, Emami and Balaji Wafers have joined ITC, TPG and ChrysCapital in the race to acquire Crax maker DFM Foods, as Advent International seeks to sell its 96.63% stake. Non-binding bids are expected by October-end, with the deal potentially valuing the Noida-based snack maker at ₹5,000-5,500 crore.
Read more at The Economic Times
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