Temasek, Singapore’s state-owned investment firm, has recently signed a deal to acquire almost 10% of Haldiram Snacks Food Private Limited for over 8,000 crores (around $1 billion), according to sources. This transaction is going to be one of the largest in India’s consumer sector in recent years.
The deal comes after months of negotiations between the Haldirams and Temasesk, during which other global investors, such as the American private equity giants Bain Capital and Blackstone, expressed their interest in acquiring a stake in the company. Haldiram Snacks Foods Private Limited presents the combined FMCG business of the Nagpur and Delhi branches of the Haldiram family.
Haldiram’s was established in 1937 with a small shop in the Bikaner in the western state of Rajasthan. The company grew over the years and today it has become a leading player in the international market.
Currently, Haldiram is operated by three separate entities based in Kolkata, Nagpur, and Delhi. Families merged their FMCG operations to create HSFPL. The company presently holds a leading position in India’s savory snacks market, holding around 13% of the $6.2 billion industry.
Additionally, Haldiram’s operates a chain of restaurants in India and other nations apart from its solid snack business.
Haldiram and Temasek have not yet officially announced this deal. But the investment aligns with Temaskes’s broader planning to expand its presence across India’s large consumer sector.
Before this investment, Temaskes was invented in prominent Indian corporations like Devyani International and Manipal Hospitals. Furthermore, the company operates Pizza Hut outlets and KFC in India.
The Haldiram’sw deal provides Temaskes with a foothold in India’s rapidly growing snack market that blends traditional flavors with modern retail strategies.
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