The Competition Commission of India (CCI) approved the proposal of investment company Alpha Wave Global to buy a stake in Haldiram Snack Food. It wants to buy about 10 percent. The CCI said in a statement, “Proposed transactions include the purchase of Alpha Wave Vaventers II LP and Alpha Wave IHC CI, LP’s procurement of Haldiram Snacks Food Private Limited’s money and less than 10 percent of paid up equity share capital.
Alpha Wave Global in India has already placed bets on companies like Swiggy, Lenskart, Dream 11, Chaios, Biryani by kilo, Ola and Policy Bazaar. Its foreign portfolio also includes companies such as Domino’s Pizza, Space X and Uber.
Combined business of family of Delhi and Nagpur
Haldiram Snack Food, Haldiram’s family is a combined business of family of Delhi and Nagpur. it
Snacks, sweets, dairy products, ready-to-eat products, bakery products, chocolate and non-carbonated ready-to-drink Beverages make and sell packaged food products. It was announced in 2022 that Delhi -based Haldiram Snacks and Haldiram Foods International in Nagpur would be separated first and then merged into an entity called Haldiram Snack Food.
The company achieved a revenue of more than Rs 12,500 crore in FY 2023-24. Haldiram Snack Food is the largest company of packed snacks and sweets in India and also has a restaurant. In 1937, Ganga Bhishan Aggarwal started Haldiram as a sweet and salty shop in Bikaner, Rajasthan. Today its products are sold in more than 80 countries.
Denmark’s Novo Nordisk launched the weight loss drug, in this case it is completely different
Temasake is also taking 10 percent stake
Earlier in March, Haldiram Snack Food announced that it was selling stake to two new investors including Alpha Wave Global. In March itself, Haldiram confirmed the purchase of 10 percent minority stake from Singapore -based Global Investment firm Temasake.
The promoter family can also choose the path of IPO
Aggarwal Family may also choose the way to bring Haldiram’s IPO next year. The promoter family had a plan to sell a large part before. But later he decided to sell only minority stake. This cash infusion will help Haldiram Snack Food to give money for its expansion plan, intensifies your journey in domestic and some foreign markets.
