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Haldiram taps bankers for southern acquisitions
Mint Mumbai
|August 20, 2025
Temasek-backed Haldiram Snacks Food Pvt. Ltd is scouting for acquisitions to expand its pan-India presence, particularly in the South, two people aware of the matter said.
"Temasek and the company's top management have sounded out bankers to identify assets that are profitable with strong fundamentals for a bolt-on strategy," one of the people cited above said. Such deals allow larger firms to buy smaller businesses to expand operations, diversify offerings, or reach new markets.
Haldiram has the capability to acquire assets in the range of $50-200 million, the second person said, adding the company is "well-capitalized" and the business is cash flow positive.
Haldiram's chief executive officer (CEO) Krishan Kumar Chutani did not respond to emailed queries, while Temasek declined to comment.
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