Haldiram’s confirms stake sale to IHC, Alpha wave global after Temasek’s ₹8,500 crore deal
Haldiram’s confirms stake sale to IHC, Alpha wave global after Temasek’s ₹8,500 crore deal

Haldiram’s, a leading Indian snack manufacturer, has announced the addition of two new investors—Abu Dhabi-based International Holding Company (IHC) and New York-based Alpha Wave Global—to its ongoing equity financing round. This move follows Singapore’s investment firm Temasek acquiring a 10% stake in Haldiram’s for ₹8,500 crore.
In an official statement, Haldiram’s expressed excitement about the new partnerships, highlighting the investors’ long-term commitment to the company’s growth plans. However, financial specifics of the latest deals were not disclosed.
The Temasek acquisition values Haldiram’s at approximately $10 billion (₹85,000 crore). The investment firm will purchase its equity stake from existing shareholders, reinforcing Haldiram’s expansion ambitions in both domestic and international markets.
PwC’s investment banking team, which advised on the Temasek deal, described the transaction as India’s largest private equity consumer deal. Sanjeev Krishan, chairperson of PwC India, emphasized the significance of this investment, stating, "This deal not only strengthens Haldiram’s position but also underscores the growing global appeal of Indian businesses."
Haldiram’s expressed gratitude to Temasek, PwC, and Khaitan & Co for their support during the transaction. The investment remains subject to regulatory approvals and is expected to be finalized soon.