Haldiram's to Sell 10% Stake to Temasek

Haldiram Snacks Food, India's leading snacks and sweets company, has announced a strategic partnership with Singapore-based investment firm Temasek. Temasek will acquire a 10% equity stake in Haldiram Snacks Food at a valuation of $10 billion (approximately ₹85,000 crore). This deal is considered the largest private equity consumer transaction in India.

The investment will support Haldiram's ambitious expansion plans, both domestically and internationally, enhancing its presence in the competitive global snacks market. The transaction is subject to regulatory approvals and is expected to close soon.

The deal is subject to regulatory approvals and is expected to close soon.

Additionally, Haldiram is reportedly in discussions to sell an additional 5-6% stake, potentially raising another $500 million. This could further bolster its growth initiatives.

The Indian snacks market is projected to grow significantly, from ₹42,694.9 crore in 2023 to ₹95,521.8 crore by 2032. This positions Haldiram well for future growth.

Haldiram's journey from its humble beginnings in 1937 in Bikaner, Rajasthan, to becoming a global brand with products sold in over 80 countries is remarkable. This partnership with Temasek marks another milestone in its growth story.

The funds raised will be used to support Haldiram's ambitious expansion plans, both domestically and internationally. The company aims to strengthen its presence in the competitive global snacks market.

PwC's investment banking team acted as the exclusive financial advisor for the transaction, while Khaitan & Co provided legal advisory services.