Temasek Invests Over ₹8,700 Cr for 10% Stake in Haldiram’s: Report
In a significant deal, Singapore’s state investment firm Temasek has acquired a nearly 10% stake in Haldiram’s snacks business for over ₹8,700 crore. The purchase values the company at ₹87,000 crore, making it one of the most significant investments in India’s consumer goods sector in recent times. The deal marks a major expansion of Temasek’s focus on India’s consumer sector and comes after months of intense negotiations.
Haldiram’s, a well-known brand in the snacks industry, controls nearly 13% of India’s ₹54,000 crore savoury snack market. The company is known for its range of popular snacks like bhujia, a popular Indian snack made from chickpea flour. The deal is expected to provide a significant boost to Haldiram’s growth plans, as the company looks to expand its presence in the Indian market and explore opportunities in the international market.
Temasek’s investment in Haldiram’s is seen as a strategic move to tap into India’s growing consumer market. The company has been actively investing in India’s consumer goods sector, with a focus on e-commerce, food, and beverages. In recent years, Temasek has invested in companies like Flipkart, Paytm, and Zomato, among others.
The deal is also seen as a vote of confidence in India’s economy, which has been facing headwinds in recent times. The country’s GDP growth rate has been slowing down, and the government has been taking steps to boost economic growth. The investment by Temasek is seen as a sign that foreign investors are still confident in India’s growth prospects and are willing to invest in the country’s consumer goods sector.
Haldiram’s, which was founded in 1982 by a group of entrepreneurs from Gujarat, has grown rapidly over the years to become one of the largest snack food companies in India. The company has a strong presence in the Indian market, with a wide range of products that cater to different tastes and preferences. Haldiram’s products are available in over 1.5 million retail outlets across India and are also exported to countries like the United States, the United Kingdom, and the Middle East.
The deal is expected to provide Haldiram’s with the necessary capital to expand its operations and invest in new products and technologies. The company plans to use the funds to strengthen its distribution network, improve its manufacturing capabilities, and expand its presence in the international market.
Temasek’s investment in Haldiram’s is also seen as a strategic move to tap into the growing demand for healthy and nutritious snacks in India. The Indian snacking market is growing rapidly, driven by increasing demand for healthier and more convenient snack options. Haldiram’s, which offers a range of healthy and nutritious snacks made from natural ingredients, is well-positioned to benefit from this trend.
The deal is expected to have a positive impact on the Indian snack food industry as a whole. It will provide a boost to the industry’s growth prospects and encourage other investors to invest in the sector. The deal will also create new job opportunities and stimulate economic growth in the region.
In conclusion, Temasek’s investment in Haldiram’s is a significant development in India’s consumer goods sector. The deal marks a major expansion of Temasek’s focus on India’s consumer sector and provides a significant boost to Haldiram’s growth plans. The deal is expected to have a positive impact on the Indian snack food industry as a whole and will create new job opportunities and stimulate economic growth in the region.
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