From Yahoo Finance: 2025-03-31 07:30:00

Haldiram Snacks Food in India has sold a stake to Temasek, a Singapore investment fund. The deal details were not disclosed, but Temasek is acquiring around 10% for approximately $1.01bn. The move is part of Haldirams’ expansion plans to grow in India and globally in a competitive market.

PwC, the advisor on the deal, confirmed Temasek bought an equity stake in Haldirams from existing shareholders. The transaction, largest in India’s private equity consumer space, aims to elevate India’s global business presence. Haldirams spokesperson expressed excitement to collaborate with Temasek for accelerated growth.

The Agarwal family, promoters of Haldiram Group, merged FMCG businesses into Haldiram Snacks Food, attracting investments from Temasek and a 6% stake from UAE-based fund Alpha Wave. The demerger places 56% ownership with Haldiram Snacks Private Limited and 44% with Haldiram Foods International Private Limited.

Read more: India snacks major Haldirams sells stake to Temasek