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Temasek To Acquire Minority Stake In Haldirams

Summary by NDTV Profit

Singapore-based investment firm Temasek has entered into an agreement to acquire an equity stake in Haldiram Snacks Food Pvt. Ltd. from its existing shareholders, the companies announced in a press release on Sunday. The transaction, subject to regulatory approvals, is expected to close soon.The financial details of the deal were not disclosed, but the Competition Commission of India was approached in March for clearance on Temasek's plan to acq…

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StartupTalky

Haldiram’s Attracts Major Investors with Plans to Expand Globally

Haldiram's, one of India's leading snack and packaged food manufacturers, has secured investments from Alpha Wave Global and the International Holdings Co. (IHC).These international investments seem to signal Haldiram's ambition to expand its footprint internationally. The investors are Alpha Wave Global, based in the United States, and the International Holdings Co. (IHC), from the UAE. This comes just days after Temasek, a global investment fi…

7 hours ago

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Indiaretailing.com

Haldirams selects Temasek as strategic investment partner - India Retailing

The agreement will see Temasek acquire an equity stake from the existing shareholders of Haldirams Bengaluru: Multinational snacks and sweets company Haldiram has entered into an agreement with Singapore-headquartered global investment firm Temasek, according to a press release. The agreement will see Temasek acquire an equity stake from the existing shareholders of Haldirams. This transaction positions Haldirams to continue its ambitious expans…

7 hours ago

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just-food.com

India snacks major Haldirams sells stake to Temasek

India-based Haldiram Snacks Food has agreed to sell a stake in the business to Temasek, the Singapore state-owned investment fund.The post India snacks major Haldirams sells stake to Temasek appeared first on Just Food.

23 hours ago

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sgtalk.net

Temasek to support Indian snack maker Haldiram

https://www.ft.com/content/7c6688af-c678...ef7272b0f2 Temasek has taken a bite out of India’s largest snack maker in a long-term bet on consumption in the world’s most populous country. The Singapore state-owned fund has acquired a minority stake in Haldiram’s, a household name in India. Terms of the deal were not publicly disclosed but a person familiar with the acquisition said Temasek had taken a close to 10 per cent stake for about $1bn. …

24 hours ago

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TheSpuzz

Haldiram’s confirms stake sale to IHC, Alpha Wave Global after Temasek’s $8,500 crore deal

Source: Live Mint Indian snacks manufacturer Haldiram on Monday, March 31, announced the confirmation of two new investors, the Abu Dhabi-based International Holding Company (IHC) and Alpha Wave Global, as a part of its equity financing round, reported the news agency Reuters. (This is a developing story. Please check back for updates.) Read Full Article

1 day ago

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Connect Gujarat

Haldirams to sell 10% stake to Temasek in deal valuing firm at $10 bn

Haldiram Snacks Food (Haldirams), the Indian multinational snacks and sweets company, has entered into an agreement with Singapore-headquartered global investment firm Temasek to sell an equity stake held by existing shareholders, PwC said in a press release. While the release did not state the exact stake sold, sources earlier told Business Standard that Haldiram has signed an agreement to sell a little under 10 per cent valuing the company at …

2 days ago

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