New Delhi: Singapore's Sovereign Private Equity Giant Temasek is Acquiring 9-10% Stake in Haldiram Snacks Foods for over Over Rs 8,500 Crore, Valuing the company at Around $ 10 Billion. Haldiram Snacks Foods is the Parent Entity of Haldiram's, widely recognized as the country's largest snacks brand.
The acquisition marks one of the largest recent deals in India's Fast-Moving Consumer Goods Sector, potentially Signalling More Foreign Investment Ahead. The agreement, which was signed march 11, come after months of negotiation, with temperaasek emerging as the Highest fidder for the mineority stake. The Investment underscores Temasek's Strategic Focus on Strengthaning its presence in India's rapidly expanding consumer sector, sources said.
Snacks Co Valued at $ 10 Billion
While Temasek clinched the deal for Minority Stake, Discussions with Other PE Biggies Blackstone and Alpha Wave Global, are reportedly underway for under for an addition 5% stake the PROMOTER FAMILY FAMILY FAMILY FAMILY FAMILY FAMILY FAMILY FAMILY FAMILY SCE Sell, sources added.
With a reported $ 37 billion exposure to India as of March 2024 and plans to invest an addition (Where it Owns 51% After A $ 2 Billion Investment) and Rebel Foods (Where it LED A $ 210 Million round in 2024, Valuing it at $ 1.4 billion).
(Tagstotranslate) Business News (T) Temasek Investment India (T) Temasek Haldiram Acquisition (T) Singapore Private Equity (T) Haldiram Valuation (T) Haldiram Valuation (T) Haldiram Snacks Foods Foods India (T) Fast-Moving Consumer Goods (T) Consumer Goods Sector India
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