Haldiram’s Punjabi Tadka snacks. Credit: Credit: mrinalpal / Shutterstock.com

Tata Consumer Products has brushed off a report the group was in talks to buy a majority stake in Indian peer Haldiram’s.

Reuters had reported discussions were taking place over a deal for 51% of Haldiram’s, a household name in India’s snack foods market.

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However, in response to a request from more information from the Bombay Stock Exchange, Tata Consumer Products denied talks were being held.

“The company is not in negotiations as reported [by Reuters],” Tata Consumer Products said in a stock-exchange filing.

“We would like to add that the company evaluates various strategic opportunities for growth and expansion of the business of the company on an ongoing basis.”

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Tata Consumer Products, home to brands including Tata Soulfull and Tetley Tea, said it would “make appropriate announcements” in compliance with its listing obligations.

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In July, the company reported a 12% in second-quarter revenue to Rs37.41bn. The growth contributed to a 22% increase in net profit to Rs3.38bn.

“We will stay focused on driving profitable growth while making consistent progress in our transformation journey towards becoming a leading FMCG company,” MD and CEO Sunil D’Souza said at the time.