Singapore-based investment firm likely to acquire minority stake in Indian snack maker, reported The Economic Times.
People familiar with the matter said that Temasek is in preliminary talks. and may look to buy a 10% to 15% stake in India’s largest snack maker.
The investment may pave the way for a potential initial public offering of the company, ET reported.
Temasek declined to comment on the report, while Haldiram’s did not have an immediate comment. Sources said the talks may or may not lead to a deal.
Founded in the 1930s, Haldiram’s sells a variety of snacks and operates 43 restaurants in Delhi, making it a household name in India.
India’s rapid growth continues to attract global investors like Temasek. The Singapore-based firm has invested approximately $37 billion in India in the last two decades.