Bain Capital, LP is talks to acquire Vadilal Industries, sources with knowledge of the matter told CNBC-TV18. The sources further said that Bain Capital is eyeing control of Vadilal Industries Limited (BSE:519156) and Vadilal Enterprises Limited (BSE:519152), along with the brand. The private equity firm is interested in merging Vadilal's entities into one company, the sources said, adding that the talks are valuing the company at over INR 30,000 million.

Promoters of Vadilal have explored sale talks earlier as well. Arpwood Capital Private Limited had earlier offered to buy stake in Vadilal, sources confirm, but promoter dispute delayed sale the potential sale earlier. Vadilal Group, Bain Capital, Arpwood did not offer a comment on the deal development.