Grapevine: Blackstone ups Haldiram's offer; Fortum to sell Indian energy assets

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Blackstone Inc has increased its offer for a 51% stake in fast-food chain Haldiram's to approximately Rs 40,000 crore ($4.78 billion), a media report said. This move values Haldiram's at Rs 70,000-78,000 crore. The offer, made by a consortium that includes Singapore’s GIC and Abu Dhabi Investment Authority, hinges on due diligence ......