Bain Capital, LP has teamed up with Temasek Holdings (Private) Limited to compete with Blackstone Inc. (NYSE:BX) led consortium for a controlling stake in Haldiram Snacks Food Pvt Ltd. as large buyout funds vie for what could be the private equity acquisition in India so far. The Bain and Temasek combination submitted a non-binding offer late last week valuing India?s snack and convenience foods company at $8 billion to $8.5 billion (INR 664,000 million to INR 705,000 million), after initially engaging with the founding family of the 87-year old brand separately, said people aware of the matter.