Singapore state-run Temasek acquires 10% stake in Haldiram's for ₹8,000 cr

SINGAPORE'S state-owned investment firm Temasek has signed a deal to acquire approximately 10% of Haldiram Snacks Foods Private Limited (HSFPL) for over ₹8,000 crore (around $1 bn), according to sources familiar with the development.

- ENS ECONOMIC BUREAU @ New Delhi

The transaction, one of the largest in India's consumer sector in recent years, values the iconic Indian snacks company at over $9 billion.

The deal comes after months of negotiations between Temasek and Haldiram's, during which other global investors, including American private equity giants Blackstone and Bain Capital, also expressed interest in acquiring a stake in the company.