{"id":270132,"date":"2025-03-30T12:50:10","date_gmt":"2025-03-30T12:50:10","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/30\/halidrams-inks-strategic-investment-pact-with-singapore-based-temasek-the-times-of-india\/"},"modified":"2025-03-30T12:50:10","modified_gmt":"2025-03-30T12:50:10","slug":"halidrams-inks-strategic-investment-pact-with-singapore-based-temasek-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/30\/halidrams-inks-strategic-investment-pact-with-singapore-based-temasek-the-times-of-india\/","title":{"rendered":"Halidram’s inks strategic investment pact with Singapore-based Temasek – The Times of India"},"content":{"rendered":"
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Haldiram‘s, India\u2019s largest packed snacks and sweets company, has officially entered into a strategic investment agreement with Singapore-based global investment firm Temasek. Under the deal, Temasek will acquire an equity stake from Haldiram\u2019s existing shareholders, marking a significant milestone for the Indian packed food industry.
Major investment in India\u2019s food sector<\/span>
While the deal\u2019s valuation has not been officially disclosed, industry sources reveal that Temasek is acquiring a 10% minority stake in Haldiram Snacks Food at a valuation of USD 10 billion (approximately Rs 85,000 crore). This is considered the largest valuation in India\u2019s packaged food sector to date.
“Haldirams, the renowned Indian multinational snacks and sweets company, has entered an agreement with Singapore-headquartered global investment firm Temasek. The agreement will see Temasek acquire an equity stake from the existing shareholders of Haldirams,” Haldiram’s said in a statement reported by news agency PTI.
\u201cThis transaction is subject to customary regulatory approvals and is expected to close soon,\u201d the statement said.
Expanding global footprint<\/span>
The investment will support Haldiram\u2019s expansion plans both domestically and internationally, helping the company strengthen its presence in the competitive global snacks market.
A Haldiram’s spokesperson expressed enthusiasm about the partnership, stating, \u201cWe are thrilled to welcome Temasek as an investor and partner in Haldiram. We look forward to working with them to harness the value they bring from their experience in the consumer space to accelerate our growth and strengthen our ability to meet evolving consumer demands.\u201d
PwC\u2019s investment banking team acted as the exclusive financial advisor for the transaction.
Haldiram\u2019s growth journey<\/span>
Haldiram’s, founded in 1937 in Bikaner, Rajasthan, as a retail sweets and namkeen shop by Ganga Bhishen Agarwal, has grown into a global brand, with products sold in over 80 countries.
In 2022, the packaged snacks businesses of Delhi-based Haldiram’s Snacks and Nagpur-based Haldiram’s Foods International were demerged and merged into a single entity named Haldiram Snacks Food.
Reports also suggest that Haldiram\u2019s promoters may divest an additional 6% stake in Alpha Wave Global. Several private equity firms, including Blackstone, Alpha Wave Global, and a Bain Capital-led consortium, were competing to acquire a stake in the company.<\/div>\n