Haldiram

Balaji Wafers in talks with global PE giants, eyeing up to 10% stake sale at ₹40,000 crore valuation; ITC lone FMCG suitor, IPO planned in 5-6 years

PE funds, flush with record capital, are eyeing opportunities in India's branded consumer, technology, and healthcare sectors

Temasek Holdings increases its India exposure to $50 billion by March 2025, with plans to invest $3-4 billion annually, focusing on sectors like financial services, healthcare, and sustainability

Family businesses in India, with their multigenerational legacies, strong domestic brands and loyal customers, have become attractive for global investors in recent years

Alpha Wave Global, and IHC (International Holding Company) have sought the Competition Commission of India's approval to acquire minority stakes in Haldiram Snacks Food. Alpha Wave is a global investment company and United Arab Emirates-based IHC is one of the world's largest investment companies having a USD 250 billion market valuation and listed on Abu Dhabi Securities Exchange. "The proposed transaction entails the acquisition of less than 10 per cent of the issued and paid-up equity share capital of the target (Haldiram Snacks Food Pvt Ltd)," said a notice filed with the Competition Commission of India (CCI). The proposed combination, classified as an acquisition of shares and voting rights, falls under specific clauses of the Competition Act, it added. Haldiram Snacks Food is the combined business of the Haldiram family -- Delhi and Nagpur. In its submission to the CCI, Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP (acquirers) said that the exact delineation of the ...

The process of merging Haldiram's Nagpur and Delhi branches to form Haldiram Snacks Food Private Ltd has been completed, informed its CEO Krishan Kumar Chutani on the social media platform LinkedIn. "A new chapter begins in the Haldiram story, and it's a significant one," Chutani posted on LinkedIn on Monday. The FMCG businesses of Haldiram Snacks Private Ltd (Delhi) and Haldiram Foods International Pvt Ltd (Nagpur) have come together as one -- Haldiram Snacks Food Private Ltd (HSFPL). "This isn't just a merger. It's a fresh start, a meaningful coming together of legacy, passion, and a shared vision for the future. Where timeless flavours meet bold ideas, and the journey only gets more exciting from here," said Chutani. The merger has already received regulatory clearances from fair trade regulator CCI and respective benches of the National Company Law Tribunal (NCLT) in 2023. In HSFPL, the Delhi unit holds 56 per cent stake and rest 44 per cent is owned by the Nagpur branch. The

For its partners and vendors, this merger means deeper relationships and wider opportunities; and for its customers, it means everything they love and a lot of new things to look forward to

Haldiram's to be IPO-bound in 18-24 months

Haldirams is also in advanced-stage talks to sell another 5-6 per cent stake for around $500 million

Temasek will acquire a stake in India's largest packed snack and sweets company and restaurant operator Haldiram Snacks Food through its arm Jongsong Investments Pte

Other private equity players that were in the race to acquire a stake in the snacks major backed out, citing very high valuations

The sale is one of the largest recent transactions in India's FMCG sector and could pave the way for more foreign investment in the industry

Blackstone, an American private-equity firm, has backed off, citing a high valuation, according to bankers

Haldiram's Rs 90,000 crore valuation has sparked a race among investors, including PepsiCo, Temasek, and others, aiming to capitalise on India's booming ethnic snacks market

Haldiram Snack, a leading player in the packaged food industry, will invest Rs 300 crore in Bihar to set up a manufacturing unit, said a company official here on Friday. The company, which manufactures sweets, namkeen, bhujia , snacks and other food items, has signed an MoU (memorandum of understanding) with the Bihar government to make an investment of Rs 300 crore, said its Vice President Sanjay Singhania. "We are setting up a manufacturing plant for sweets, namkeens and snacks in Bihar. We will be investing Rs 300 crore," Haldiram Snacks Pvt Ltd Vice President Sanjay Singhania told PTI on the sidelines of Bihar Business Connect 2024. The Agarwal family-promoted company has acquired a 12-acre land at Sikanderpur in Bihta to set up this plant. "The plant will be operational by mid-2027," he added. The state government is organizing a global investors summit -- Bihar Business Connect 2024 -- to attract investments. The second edition being held here has seen the signing of MoUs

Considerations are ongoing and no final decisions have been made, the people said. Representatives for Blackstone, GIC, Haldiram and ADIA declined to comment

Haldiram's founding promoters, the Agarwal family considering an IPO post-sale, aiming for a Rs 93,500 crore valuation

Blackstone was eyeing a stake of 75 per cent in the business and had made a non-binding bid, but those talks did not materialise as Haldiram's is no longer keen to sell a big stake

Haldiram Bhujiawala, which retails its products under the brand 'Prabhuji,' has been a prominent player in the snacks and savoury industry for six decades

Earlier, the promoters of Haldiram's were exploring the possibility of selling a controlling 51 per cent stake, a move that would have valued the company between $8 billion and $10 billion