Halidram’s inks strategic investment pact with Singapore-based Temasek

HaldiramIndia’s largest pack Snacks and Sweets Company, officially entered a strategic investment agreement with Singapore -based global investment firm Temasake. Under the deal, Temassek The Indian packed food will acquire an equity stake from the existing shareholders of Haldiram, marking an important milestone for the industry.
Major investment in India’s food sector
While the evaluation of the deal has not been officially disclosed, industry sources show that 10% of the minority stake in Temasake Haldiram Snack Food On the evaluation of USD 10 billion (about 85,000 crore rupees). It is considered to be the largest evaluation ever in India’s packaged food sector.
“Halidirams, the famous Indian multinational snacks and sweets company, has entered into an agreement with the Singapore-Classy Global Investment firm Temasake. In the agreement, Temasake will be acquired an equity share from the existing shareholders of Haldiram,” Haldiram spoke in a statement by the news agency PTI.
“This transaction is subject to customizing regulator approval and is expected to be closed soon,” the statement said.
Global footprint expansion
This investment will support the expansion plans of Haldiram at the domestic and international level, which will help the company strengthen its appearance in the competitive global snack market.
Haldiram’s spokesperson expressed enthusiasm about the partnership, stating, “We are thrilled to welcome Temasake as an investor and partner in Haldiram. We are ready to work with him to strengthen our ability to fulfill our development and meet consumer demands.
PWC’s investment banking team worked as an exclusive financial advisor for transactions.
Haldiram’s development journey
As a retail dessert and namkeen shop by Ganga Bhishen Aggarwal, Haldiram established in 1937 in Rajasthan, with products sold in more than 80 countries, has developed in a global brand.
In 2022, Delhi -based Haldiram -based snacks and Package Snacks of Haldiram’s Foods International in Nagpur were demarcated and merged into a single unit called Haldiram Snacks Food.
Reports also suggest that Haldiram’s promoter Alpha Wave can divide an additional 6% stake in Global. Several private equity firms, including Blackstone, Alpha Wave Global, and Ban Capital -led consortium, were competing to gain a stake in the company.