Spice of Life: Haldiram's Sells 10% Stake to Temasek in $10 Billion Deal

Haldiram's, India's largest packed snacks company, has entered a strategic investment agreement with Singapore-based Temasek. The deal involves Temasek acquiring a 10% minority stake in Haldiram's at a valuation of approximately Rs 85,000 crore ($10 billion). This significant investment marks one of the largest in India's FMCG sector and underscores Temasek's growing interest in the Indian consumer market. The partnership aims to enhance Haldiram's global presence and accelerate its expansion plans. The transaction is subject to regulatory approvals and is expected to close soon.

 

Source: Times of India