Haldiram’s, one of India’s most iconic snack and food brands, has confirmed the sale of a 6% stake to SpaceX investor Alpha Wave Global in a deal worth Rs 5,600 crore. This development follows a recent 9% acquisition by Singapore-based investment entity Temasek, further elevating Haldiram’s valuation in the global market.
Strategic Investments and Rising Valuation
The entry of Alpha Wave and Abu Dhabi-based International Holding Company (IHC) into Haldiram’s investment portfolio has significantly bolstered the brand’s valuation, which now stands at Rs 84,000 crore. With these transactions, the Agrawal family—Haldiram’s promoters from both Nagpur and Delhi—have collectively gained over Rs 13,000 crore.
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UAE-Backed Investment in Indian FMCG Sector
Alpha Wave Global, under the leadership of UAE’s National Security Advisor Tahnoun Bin Zayed, has established a strong investment portfolio, including stakes in SpaceX. This move signals increasing global investor interest in India’s thriving consumer market and traditional FMCG giants like Haldiram’s.
Path to a Potential IPO
These stake sales follow the recent merger of Haldiram’s Snacks Private Limited (Delhi) and Haldiram’s Food Private Limited (Nagpur) into a single entity. This consolidation is seen as a crucial step toward a potential Initial Public Offering (IPO) within the next year.
The rapid influx of global investors into Haldiram’s highlights the growing appeal of India’s FMCG sector and the brand’s continued expansion in both domestic and international markets. With its strong market position and strategic investments, Haldiram’s is well on its way to becoming a key player in the global food industry.
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