Singapore’s Temasek to pick 10% in Haldiram’s for Rs 8,500

Singapore’s Temasek acquires a 9-10% stake in Haldiram Snacks Foods for over Rs 8,500 crore, valuing the company at around $10 billion. The deal, signed on March 11, marks a significant move in India’s FMCG sector, highlighting increased foreign investment. Discussions with Blackstone and Alpha Wave Global for an additional 5% stake are still ongoing.