- | 2:30 pm
Temasek to buy 10% stake in Haldiram’s: report
The deal values the company at Rs85,000 crore, or about $10 billion, the report said

Singaporean sovereign fund Temasek Holdings is nearing a deal to buy a 10% stake in Haldiram Snacks Food Pvt. Ltd for ₹8,500 crore, or about $97.96 million, Mint reported, citing two people aware of the development.
The deal values the company, which is the parent of the eponymous snacks brand Haldiram’s that holds a 40% share of the country’s snack market, at Rs85,000 crore, or about $10 billion, the report said.
Both Temasek and HSFP have signed an agreement, which concludes talks that have been on for over a year, the report added.
The private equity deal also reflects confidence in the Indian snacks brand ahead of its initial public offering which is likely in 2-3 years.
The deal follows the merger of Nagpur and Delhi business divisions last year.
As part of this deal, Delhi-based Haldiram Snacks Pvt. Ltd (HSPL) and Nagpur-based Haldiram Foods International Pvt. Ltd (HSFPL) joined forces to establish Haldiram Snacks Foods Pvt. Ltd.
The brand was launched in 1937 as a family-owned sweetshop.
The brand, which faces competition from ITC, PepsiCo, and TTk Goods, now offers 400 varieties of nankeen or savory food products, confectionery, and ready-eat food items in India, the US, and Europe.
The company reported a revenue of ₹14,000 crore and an earnings before interest, tax, depreciation, and amortization (Ebitda) margin of around 20-21% in FY24.