Haldiram in Advanced Talks to Sell an Extra 5-6% Stake to Temasek for ₹4,277 Crore

Temasek Acquires 10% Stake in Haldiram for ₹8,555 Crore; Additional 5-6% Stake Sale Under Discussion

Singapore’s sovereign investment firm, Temasek, has signed an agreement to acquire a 10% stake in Haldiram’s snacks division for $1 billion (approximately ₹8,555 crore). On March 30, Haldiram announced that Temasek has purchased this stake from existing shareholders.

The deal had been under negotiation for several months. US private equity firm Blackstone had also offered to acquire a 20% stake in Haldiram, but at a lower valuation. As a result, Haldiram finalized the agreement with Temasek instead.

One of the Largest Transactions in India’s FMCG Sector

This sale is considered one of the biggest deals in India’s fast-moving consumer goods (FMCG) sector. According to bankers, Haldiram’s promoters are also considering an initial public offering (IPO) in the coming year.

Temasek May Acquire an Additional 5-6% Stake

Media reports indicate that Haldiram is planning to sell an additional 5-6% stake to Temasek. Discussions between both companies are at an advanced stage, and the potential acquisition is estimated to be worth $500 million (₹4,277 crore).

Haldiram’s Business Structure and Global Presence

The Haldiram brand in India is operated by three different families across Delhi, Nagpur, and Kolkata. However, the Delhi and Nagpur family businesses have merged their FMCG operations into a single entity: Haldiram Snacks Foods Private Limited.

Haldiram’s snacks are also available in international markets, including Singapore and the United States. Originally established as a small shop in 1937, the company has since expanded to operate around 150 restaurants.

Haldiram’s Market Share and Growth

In addition to packaged snacks, Haldiram also operates a restaurant chain and offers over 500 varieties of snacks, namkeen, sweets, ready-to-eat, and pre-mixed food products.

In FY24, Haldiram reported revenue of ₹12,800 crore. According to Euromonitor International, Haldiram holds a 13% market share in India’s $6.2 billion snacks market.