New Delhi: Haldiram Snacks Food, one of India’s leading snack brands, has announced the sale of a minority stake to International Holding Company (IHC) and Alpha Wave Global. The move comes after Haldiram’s earlier deal with Singapore-based investment firm Temasek.
However, the company has not disclosed the financial details of either transaction.
Strategic Investment to Fuel Global Expansion
In a statement, Haldiram’s said that this investment will bolster its financial strength as it expands operations, particularly in the United States and the Middle East.
“The investment reflects Alpha Wave Global’s and IHC’s commitment to backing dominant companies with strong consumer brands,” the statement added.
Deal Valued at $10 Billion
While official numbers have not been confirmed, industry sources indicate that IHC and Alpha Wave Global are together acquiring around 6% of Haldiram Snacks Food at a valuation of $10 billion (₹85,000 crore). This is considered one of the largest deals in India’s packaged food sector.
About the Investors
Alpha Wave Global is a global investment firm focusing on private equity, private credit, and public markets.
IHC, based in the UAE, is one of the world’s largest investment companies.
Haldiram’s Legacy and Growth
Founded in 1937 by Ganga Bhishen Agarwal in Bikaner, Rajasthan, Haldiram’s began as a small sweets and namkeenshop. Today, its products are sold in over 80 countries.
In 2022, the company announced a structural reorganization, where the packaged snack businesses of Delhi-based Haldiram Snacks and Nagpur-based Haldiram Foods International would first be demerged and then merged into a single entity—Haldiram Snacks Food.
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