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Temasek Negotiating $1.3B+ Stake in India Snack Giant

3 months ago
3 months ago


Temasek in Talks to Acquire Stake in Haldiram Snacks

Overview

Temasek, a renowned Singapore state investor, is currently in discussions to purchase a minority stake in Haldiram Snacks, India’s leading snack manufacturer. This potential transaction could value Haldiram at a staggering US$11 billion, showcasing the significant interest and investment potential in the Indian market.

Transaction Details

  • Temasek is considering acquiring a 10% to 15% stake in Haldiram, amounting to over US$1 billion.
  • The investment could pave the way for Haldiram to explore an initial public offering (IPO) in the future.
  • Though talks are ongoing, the outcome is uncertain, with other potential bidders expressing interest in the company.

    Company Background

  • Founded by Ganga Bishan Agarwal in the 1930s, Haldiram boasts a diverse product portfolio ranging from snacks to frozen meals and breads.
  • In addition to its food offerings, Haldiram operates 43 restaurants in and around Delhi, showcasing its strong presence in the culinary landscape.

    Investment Strategy

  • Temasek has a history of strategic minority investments in India, totaling nearly US$37 billion over the past two decades.
  • The company focuses on sectors like digitization, consumption, and sustainable living, aligning with India’s evolving economic landscape.
  • Temasek’s investment approach in India emphasizes growth partnerships rather than majority ownership, fostering long-term value creation for both parties.

    Market Trends

  • India’s rapid economic growth has attracted global investors, making it a key destination for investment opportunities.
  • With a keen eye on emerging markets, Temasek and other investors are capitalizing on India’s growth potential through strategic partnerships and investments.

    In conclusion, Temasek’s potential investment in Haldiram signifies not only a significant financial transaction but also a strategic move to capitalize on India’s burgeoning market opportunities. By aligning with Haldiram’s growth trajectory, Temasek is poised to leverage India’s economic potential and contribute to the company’s expansion and success in the long run.

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