Temasek Invests in Haldiram's: A Landmark Deal 🤝
Temasek's Strategic Move into India's Snack Industry
Singapore's investment firm, Temasek, has signed an agreement to acquire a 10% stake in Haldiram Snacks Food, valuing the company at $10 billion.
This marks one of the largest deals in India's packaged consumer goods sector.
Haldiram's: From Local Beginnings to Global Presence
Established in 1937 in Bikaner, Rajasthan, Haldiram's has evolved from a small shop into a global brand.
The company offers a diverse range of products, including snacks, sweets, ready-to-eat foods, and beverages, and operates in numerous countries worldwide.
Temasek's Growing Interest in India's Consumer Market
Temasek views Haldiram's as a valuable asset that aligns with its strategy to expand in India's consumer sector.
This investment adds to Temasek's growing portfolio in India, which includes stakes in companies like Manipal Hospitals and Devyani International, the operator of KFC and Pizza Hut.
Previous Interest and Valuation Discussions
Prior to Temasek's agreement, private equity firm Blackstone had shown interest in acquiring a minority stake in Haldiram's but withdrew due to valuation concerns.
Haldiram's significant share in India's savory snacks market has attracted attention from international investors, reflecting the brand's strong market presence.