Haldiram Snacks Food brings a new wave of investors as it looks at global growth. Just one day after the conclusion of the Hessa deal with Temasek, the Indian snack giant has now confirmed investments from the ABU DHABI International Holding Company (IHC) and Alpha Wave Global. While the financial details remain under the winding, the successive ads determine an important turning point for the LEGACY brand.
Haldiram Snacks Food confirmed on March 30 that IHC and Alpha Wave Global are participating in the ongoing stock tour, following the last investment of Temasek, based in Singapore.
The company said in a statement.
According to the sources, IHC and Alpha Wave Global gets a minority stake of about 6 %, with a rate of $ 10 billion (about 85,000 rupees). If it is accurate, this will be the biggest evaluation in the manufacture of packed food in India so far.
The new capital leak aims to strengthen Haldam International’s international imprint, especially in the United States and Middle East markets. The statement added: “The investment reflects the commitment of Alpha Wave Global and IHC to support the dominant companies with strong consumer brands.”
Alpha Wave Global, known for its investments through private stocks, private credit, and public markets, includes IHC forces in the United Arab Emirates, one of the largest investment companies in the world.
On March 30, PWC confirmed that Haldiram had concluded an agreement with Temasek to sell a share of shares kept by its current shareholders. The deal will support the company’s aggressive strategy in both local and international markets, which enhances a competitive advantage.
(With PTI inputs)
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