Temasek Haldiram Investment: Many companies from India and abroad were interested in buying a stake in Haldiram, a leading snacks and sweets manufacturing company. But Singapore’s government investment company Temasek has won the race. According to a report, it has bought a 10% stake in Haldiram’s snacks business. Let’s know the details…
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Temasek Haldiram Investment
Singapore’s sovereign investment firm Temasek has bought a 10% stake in Haldiram’s snacks division for $1 billion (about Rs 8,730 crore), news agency Reuters reported on Wednesday. Both parties were negotiating for this deal for several months. US private equity (PE) Blackstone had also offered a 20% stake in Haldiram, but this offer was at a lower valuation. Therefore, Haldiram finalized this deal with Temasek. The sale is one of the largest recent transactions in India’s fast-moving consumer goods (FMCG) sector. Bankers say Haldiram’s promoters are considering an initial public offering (IPO) within the next year.
3 Families Operate the NTT Haldiram Brand
In India, the Haldiram brand is operated by three separate family NTTs based in Delhi, Nagpur, and Kolkata. However, the Delhi and Nagpur families have merged their FMCG businesses, Haldiram Snacks and Haldiram Foods International into a single NTT, Haldiram Snacks Foods Private Limited. Haldiram also operates a chain of restaurants. Apart from packaged snacks, Haldiram also operates a chain of restaurants. The company sells 500 types of snacks, namkeen, sweets, ready-to-eat, and pre-mixed food items. Haldiram had achieved a revenue of Rs 12,800 crore in FY24.
Temasek Haldiram Investment: 13% Share in the Snack Market
According to Euromonitor International, Haldiram has about 13% share in India’s $6.2 billion snack market. Its snacks are also sold in foreign markets like Singapore and the US. The company has about 150 restaurants. It started with one shop in 1937. Temasek sees Haldiram as a highly valuable asset in India’s fast-growing consumer sector. The deal reflects global investors’ growing interest in India’s food and beverage industry, particularly the snacks segment.
Blackstone also offered a 20% Stake
Although Temasek’s bid sealed the deal, US private equity (PE) giant Blackstone had also made an offer for a 20% stake, though at a lower valuation. The deal is one of the biggest recent transactions in India’s FMCG (fast-moving consumer goods) sector and could open up avenues for more foreign investment in the industry.
Temasek Acquires 10% Stake in Haldiram's for $1 Billion
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Considering bringing IPO, Bankers say Haldiram’s promoters are considering bringing an IPO next year to take advantage of India’s strong stock market. If this happens, it could further enhance Haldiram’s financial position and market access.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗