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Sweet deal: Vixar takes a 45% slice of Belgian Waffle Co for Rs 770 crore

Vixar, formerly Arpwood Partners, has acquired a significant minority stake of approximately 45% in The Belgian Waffle Co. for about 770 crore, valuing the dessert chain at 1,700 crore. The deal, which saw participation from veteran investor Vallabh Bhansali and HDFC Asset Management, makes the investment consortium the controlling shareholder.

22 Dec 2025 4:00 am