Temasek Acquires Stake in Haldiram's with $1 Billion Deal
Deal News | Mar 12, 2025 | Zawya
Temasek Holdings, Singapore's state investment company, has acquired nearly a 10% stake in India's Haldiram's snacks business for approximately $1 billion, according to sources. Haldiram's, known for its prominent position in India's $6.2 billion savory snack market, becomes a key addition in Temasek's strategy to enhance its consumer sector portfolio in India. A deal following months of negotiation marks a significant international investment in India's thriving snack industry. Temasek has not commented on this transaction, and attempts to reach Haldiram's CEO were unsuccessful.
Sectors
- Consumer Goods
- Investment Management
Geography
- India – The target company, Haldiram's, operates primarily in India, holding a significant market share in the Indian snack industry.
- Singapore – Temasek, the acquiring company, is based in Singapore, highlighting cross-border investment dynamics.
Industry
- Consumer Goods – The industry article focuses on Haldiram's snack business, a part of the consumer goods sector, driven by strong demand for savory snacks.
- Investment Management – Temasek's strategic acquisition involved investment management to enhance its portfolio in India's consumer sector.
Financials
- $1 billion – The price paid by Temasek for acquiring nearly 10% stake in Haldiram’s snacks business.
- $10 billion – The valuation of Haldiram’s snacks business at the time of the investment by Temasek.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Temasek | Bidding Company/Buyer | Company | Temasek is a Singapore-based state investment company involved in acquiring a stake in Haldiram's snacks business. |
| Haldiram's | Target Company | Company | Haldiram’s is a prominent snack brand in India involved in the deal with Temasek. |
| Krishan Kumar Chutani | CEO of Haldiram's | Person | Krishan Kumar Chutani is the CEO of Haldiram's whose comments were sought regarding the deal. |