Haldiram’s sells minority stake to IHC and Alpha Wave Global to boost global presence

Haldiram Snack Food, India’s leading snack and food brand, on Monday confirmed that it had sold a stake to two new investors – the International Holding Company (IHC) And Alpha wave global,
According to the news agency PTI, the financial statements of the deal were not disclosed. It follows the announcement from Sunday, where Haldiram revealed a minority stake acquisition by Singapore -based investment firm Temasek, of which is unknown by the nuances.
global expansion
Investment by IHC and Alpha wave Global comes as part of Haldiram’s ongoing equity round and is expected to increase the financial position of the brand, which accelerates its global expansion, especially in major markets such as the US and the Middle East.
The statement said that these markets, which show for increasing demand Indian snacks And food will be the primary focus on Haldiram’s international development strategy. The company highlighted that the investment shows the commitment to support IHC and Alpha Wave’s leading consumer brands.
Assessment details
Industry sources suggest that IHC and Alpha Wave Global are collectively receiving 6% stake in Haldiram Snack Food, which costs around 10 billion USD (about 85,000 crore rupees). This deal is considered to be the largest in India’s packaged food sector.
Alpha Wave is a global investment firm with Global Private Equity, Private Credit and Public Markets, while IHC located in UAE is one of the largest investment companies globally. Both investors are expected to take advantage of their network and expertise to help Haldiram to broaden their footprints in international markets and strengthen their presence in India.
strategic partnership
A spokesperson of Haldiram commented on the partnership, emphasizing long -term support that would promote the company’s development. The spokesperson said, “With this partnership, we are well deployed to increase our product offerings, expand our operations and make Haldiram a domestic name in the Middle East and other international markets.”
Rick Garson, co-founder and president of Alpha Wave Global, expressed his excitement about the partnership, saying, “We are proud to be a shareholder and partner, who brought to customers close to a century in the next phase of domestic and international level in this next phase of his development.”
Syed Basar Shub, CEO of IHC, said, “This investment aligns with Alpha Wave and IHC strategy that is supporting major companies that are having a global impact. We are ready to work closely with Haldiram to run innovation and expand our market appearance.”
PWC Investment Banking Team worked as consultants for this transaction, while Khaitan & Co provided legal aid.
HaldiramHeritage of
The establishment of Haldiram established in Bikaner, Rajasthan in 1937 by Ganga Bhishen Aggarwal has become a domestic name in India and is now sold in more than 80 countries. The brand’s packaged snack business is the result of the merger of its Delhi-based and Nagpur-based operation, which is still pending the final regulator approval.
In 2022, the National Company Law Tribunal approved the merger of Haldiram Snacks and Haldiram Foods International, marking a new phase of development for the company as it leads to its global ambitions.