The Minneapolis-based owner of global brands such as Pillsbury and Betty Crocker has approached Balaji’s founders for a deal that could give it a majority holding, though the promoters are currently willing to sell only a 10% stake, two people with direct knowledge of the discussions said on condition of anonymity. Balaji Wafers said it is in talks with multiple players but discussions are still at an early stage. “We are insisting that the fundraise is just about bringing in professional management and no ...