Stake Sale Puts Haldiram Snacks’ Valuation At $10 Bn

New Delhi: Temasek, Singapore’s sovereign investment firm, is acquiring a minority 10 per cent stake in Haldiram Snacks Food -- India’s largest packed snack and sweets company and restaurant operator -- at a valuation of $10 billion, according to industry sources.

It has signed a definitive term sheet agreement earlier this week at a valuation of $10 billion (Rs85,000 cr), which is considered to be the largest for the Indian packed food industry, they said. The Agarwal family, promoters of Haldiram Snacks Food, may rope another investor for selling some more stake in the company, which had a revenue of over Rs12,500 crore in FY24.