Mumbai: Singapore-based private equity giant Temasek has finalized a deal to acquire a 10% stake in Haldiram Snacks Food Pvt. Ltd. (HSPL) for a whopping ₹8,500 crore. This transaction values the renowned Indian snack company at ₹85,000 crore (approximately $10 billion), making it one of the most significant private equity deals in the Indian FMCG sector.
The deal, which has been in the works for over a year, underscores investor confidence in Haldiram’s—a household name in India’s snack industry. Sources close to the development revealed that the promoters of Haldiram’s are also considering selling an additional 5% stake to either a Blackstone-led consortium or Alphawave Global, further increasing external investment in the company.
Haldiram’s, which operates in both Nagpur and Delhi, recently merged its two business factions into a newly incorporated entity, Haldiram Snacks Foods Pvt. Ltd. (HSFPL). The restructuring resulted in the existing shareholders—HSPL and HFIPL—holding 56% and 44% stakes, respectively, in the new entity.
Insiders suggest that Haldiram’s is exploring an IPO within the next 24–36 months, which could generate further returns for its private equity investors. With a stronghold in India’s fast-moving consumer goods (FMCG) sector, the company continues to expand its presence across domestic and international markets.
The Agarwal family, which founded Haldiram’s in 1937, remains at the helm of operations. Manohar Agarwal and Madhusudan Agarwal manage the Delhi division, while the Nagpur unit is led by Kamal Kumar Shivkishan Agarwal.
This high-stakes investment by Temasek is expected to strengthen Haldiram’s market position and drive future growth in India's booming snack food industry.
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