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Haldiram Snacks mulls IPO; Adanis eye cement plants

VCCircle

VCCircle · 1y ago

Haldiram Snacks mulls IPO; Adanis eye cement plants

Haldiram Snacks Pvt Ltd is considering an initial public offering (IPO) as the company's plan to sell to foreign investors faces obstacles. The Agarwal family, owners of Haldiram, is exploring a listing as bids for the company range from $8 billion to $8.5 billion. In other news, the Adani Group is reportedly looking to expand its business into the cement sector and is in talks to acquire multiple cement plants.

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Singapore's Temasek seeks CCI nod to acquire 10% stake in Haldiram

YourStory

YourStory · 5m ago

Singapore's Temasek seeks CCI nod to acquire 10% stake in Haldiram

Temasek Holdings seeks approval from the Competition Commission of India to acquire a 10% stake in Haldiram Snacks Food through its arm Jongsong Investments. This strategic move values Haldiram at $10 billion. The Agarwal family, Haldiram's promoters, might sell more stakes, potentially considering an IPO in the future. Established in 1937, Haldiram merged its Delhi and Nagpur factions, expanding into markets across 80 countries. The investment aims to support Haldiram’s domestic and international expansion plans.

CCI okays Temasek Holdings minority stake purchase in Haldiram Snacks Food

YourStory

YourStory · 3m ago

CCI okays Temasek Holdings minority stake purchase in Haldiram Snacks Food

The Competition Commission of India (CCI) approved Temasek Holdings' acquisition of a minority stake in Haldiram Snacks Food through Jongsong Investments Pte, acquiring less than 10% of equity. Haldiram Snacks Food combines the Delhi and Nagpur Haldiram businesses, with a merger underway. Additionally, CCI approved Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Pvt Ltd's acquisition of a majority stake in Nazara Technologies Ltd, a gaming and sports media company.

Blackstone, Temasek, Bain eye a big bite of Haldiram Snacks

Livemint

Livemint · 1y ago

Blackstone, Temasek, Bain eye a big bite of Haldiram Snacks

Private equity firms Blackstone, Temasek Holdings, and Bain Capital are reportedly considering acquiring a controlling stake in Haldiram Snacks Food. They are looking to purchase at least 51% of the sweets-and-savouries maker at a valuation of $8-10 billion. This potential deal is seen as a sign of confidence in the brand's growth prospects, and the end goal is to eventually list the business. Haldiram has a strong presence in India and exports to over 100 countries, offering a variety of snacks, namkeen, sweets, and more.

Grapevine: Warburg Pincus, Adanis, Emaar, Zetwerk, Haldiram, and Lenskart in news

VCCircle

VCCircle · 7m ago

Grapevine: Warburg Pincus, Adanis, Emaar, Zetwerk, Haldiram, and Lenskart in news

Warburg Pincus is preparing to launch its first India-focused fund. Meanwhile, companies like Zetwerk and Lenskart are planning public listings. Additionally, Adani Group is in talks to expand its infrastructure play by acquiring certain Indian assets. Other notable developments include business activities involving companies like Emaar and Haldiram, highlighting significant movements and strategic decisions in the Indian business landscape. Reports suggest these moves reflect expanding aspirations among these major players.

CCI approves acquisition of certain issued and paid-up equity share capital of Haldiram

Economic Times

Economic Times · 2m ago

CCI approves acquisition of certain issued and paid-up equity share capital of Haldiram

The Competition Commission of India (CCI) has approved the acquisition of certain shares of Haldiram Snacks Food Private Limited by Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP. This approval follows Haldiram's announcement of selling a stake to International Holding Company (IHC) and Alpha Wave Global. Temasek, a Singapore-based investment firm, previously acquired a minority stake in Haldiram. Alpha Wave focuses on private equity, private credit, and public markets, while UAE's IHC is a leading investment firm.

Haldirams enters agreement with Singapore investment major Temasek to sell stake: PwC

Business Today

Business Today · 5m ago

Haldirams enters agreement with Singapore investment major Temasek to sell stake: PwC

Haldiram Snacks Food has reached an agreement to sell an equity stake to Singapore-based investment firm Temasek. The arrangement, pending customary regulatory approvals, will soon conclude. The PwC Investment Banking team and Khaitan & Co served as the financial and legal advisors, respectively, for this transaction.

Haldiram promoters resist PE offers; Stripe may buy stake in SBI Payments

VCCircle

VCCircle · 1y ago

Haldiram promoters resist PE offers; Stripe may buy stake in SBI Payments

The promoters of Haldiram Snacks Foods are resisting offers from private equity firms to buy stakes in the company. Despite receiving non-binding offers, the promoters are not interested in selling their shares. This comes as Stripe, the online payment company, is reportedly looking to acquire a stake in SBI Payments.

Haldiram's promoters now offer a smaller bite to investors

Livemint

Livemint · 10m ago

Haldiram's promoters now offer a smaller bite to investors

The promoters of Haldiram Snacks Food Pvt Ltd. have changed their plan to sell a majority stake in the company and are now looking to offload only 10-15% stake. Private equity firms including Bain Capital, Blackstone, and Temasek Holdings are considering investing in the Indian snack-maker. The investors are aiming to tap into India's growing snacks market, which is expected to double in size by 2032. The deal is currently under due diligence, and PwC India is advising the families on the transaction.

Grapevine: Haldiram's, Temasek, Peak XV, Sealink, Blackrock, Lendingkart in news

VCCircle

VCCircle · 10m ago

Grapevine: Haldiram's, Temasek, Peak XV, Sealink, Blackrock, Lendingkart in news

Private equity firms such as Bain Capital, Blackstone, KKR, SeaLink Capital, Singapore's Temasek, venture capital firm Peak XV Partners, and asset manager BlackRock were featured in multiple news reports. The promoters of Haldiram Snacks Food Pvt. Ltd are looking to sell only a portion of their stake. Other companies such as Premium Credit and Lendingkart also made headlines.

Blackstone, Temasek, Bain eye Haldiram; SoftBank may double down on Icertis

VCCircle

VCCircle · 1y ago

Blackstone, Temasek, Bain eye Haldiram; SoftBank may double down on Icertis

Blackstone, Temasek Holdings, and Bain Capital are reportedly considering the purchase of a controlling stake in Haldiram Snacks Food Pvt Ltd. The private equity firms aim to secure a minimum 51% stake in the sweets-and-savouries manufacturer, valuing the company at $8-10 billion. Meanwhile, SoftBank is said to be considering increasing its investment in Icertis, a contract management software provider.

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