Haldirams hits $10 billion valuation as IHC, Alpha Wave join Temasek in back-to-back deals  

Haldiram snacks bring food from the fresh wave of investors because it looks global growth. Just a day after the stake deal with Temasek, the Indian snack giant has now confirmed the global investment of Abu Dhabi International Holding (IHC) and Alpha Wave. Although financial features remain under wrappings, feedback statements indicate a significant turning point for the Heritage Brand.

The Haldiram’s appetizer on March 30 confirmed that IHC and Alpha Wave Global participate in its continued equity, following the latest investment in Temasek based on Singapore.

“India’s leading snack and food brand is glad to inform two new investors, IHC (International Holding) and Alpha Wave Global, which took place after the last participation of Temasek.

According to sources, IHC and Alpha Wave Global jointly acquire shares of minority worth about 6% worth $ 10 billion (about 85,000 RO). If it is accurate, it will be the biggest rating of the packaged food industry in India.

The new capital infusion is aimed at promoting the international footprint of Haldiram, particularly in the Markets of the United States and the Middle East. “The investment reflects the devotion of Alpha Wave Global and IHC to support the dominant companies with strong consumer brands,” he added.

Alpha Wave Global, which is known for its investment in private credit and public markets, is connected to the forces of IHC, one of the largest investment companies in the world.

On March 30, the PWC confirmed that Haldiram has reached an agreement with Temasek to sell equilibrium shares held by its existing shareholders. The deal will support the company’s aggressive expansion strategy both in domestic and international markets, strengthening its competitive advantage.

(With PTI with inputs)