PE Fund Investments
Snacks seller Haldiram’s attracts $600-M from IHC, Alpha Wave
UAE-based International Holding Company (IHC) and Alpha Wave Global are together acquiring around 6% stake in Nagpur-headquartered Haldiram Snacks Food , valuing the company at about USD 10 Billion (INR 85,000 crore). Earlier Singapore-based investment firm Temasek acquired a 10% stake in the company for approximately USD 1 Billion.Founded in 1937 by Ganga Bhishen Agarwal as a sweets and savouries shop in Bikaner, Rajasthan, Haldiram's has since grown into a global brand, with its products available in over 80 countries. In 2022, it was announced that the packaged snacks businesses of Delhi-based Haldiram Snacks and Nagpur-based Haldiram Foods International would first demerge before merging under the entity Haldiram Snacks Food.
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