New Delhi: Singapore-based global investment firm Temasek is set to acquire an equity stake in Haldiram’s, strengthening the Indian snack giant’s expansion plans both domestically and internationally.
The deal, facilitated by PwC Investment Banking, was exclusively advised by PwC, with Khaitan & Co serving as the legal advisor. The transaction is subject to customary regulatory approvals and is expected to be finalized soon.
A Strategic Partnership for Global Growth
A Haldiram’s spokesperson welcomed Temasek as an investor and partner, emphasizing the company’s commitment to innovation and consumer demand.
📢 “We are thrilled to welcome Temasek as an investor and partner in Haldiram’s. Their experience in the consumer sector will help us accelerate growth and expand internationally. We also appreciate PwC and Khaitan & Co for their support in this transaction.”
PwC India Chairperson Sanjeev Krishan highlighted the significance of the deal:
📢 “This is the largest private equity consumer deal in India, underscoring the global rise of Indian businesses. Haldiram’s is a household name, and this transaction marks a key milestone in their journey.”
Haldiram’s: A Global Indian Brand
Founded in 1937, Haldiram’s has grown into a leading packaged food company, recognized for its snacks, sweets, and ready-to-eat products. The brand has become synonymous with Indian food, pioneering automated manufacturing in traditional snacks.
With a strong international footprint, Haldiram’s continues to be a key player in the global packaged food industry.
About Temasek
📌 Temasek is a global investment firm headquartered in Singapore with a net portfolio value of USD 288 billion as of March 31, 2024. Its unlisted assets, if marked to market, would provide a value uplift of USD 23 billion, bringing its total net portfolio value to USD 311 billion.
With this strategic acquisition, Temasek aims to support Haldiram’s growth trajectory, leveraging its expertise in consumer businesses to propel the brand further into global markets.