Temasek To Pick 10% Stake In Haldiram

New Delhi: Haldiram has entered into an agreement with Temasek as part of which the Singapore-headquartered global investment firm will acquire an equity stake from the existing shareholders of India’s largest packed snack and sweets company and restaurant operator, according to a statement issued on Sunday.It did not disclose details of the deal or the valuation at which Temasek acquired the equity stake, but this is the first official confirmation.