Report
EQT, Emami and Balaji Wafers reportedly join race to buy Crax maker DFM Foods
The Economic Times reports Advent International seeks to sell its 96.63% stake, with non-binding bids expected by the end of October 2026.
TLDR
The Economic Times reports EQT Partners, Emami and Balaji Wafers have joined ITC, TPG and ChrysCapital as potential buyers for DFM Foods, which makes Crax snacks. Talks are in early stages, and the deal could value DFM at ₹5,000–5,500 crore. Balaji Wafers founder Chandu Virani said the company was exploring a purchase.
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