According to reports, Temasek plans to invest $1 billion in the company. The company submitted a binding bid last month along with Ben Capital, which later terminated the deal. The company is currently competing with Alpha Web Global, which is also vying for a stake, people familiar with the matter said.

Global investment firm Temasek is the leading candidate to acquire a 10% stake in Haldiram Snack Foods. The Singapore-based company has been in talks with the company for more than 18 months, and the company reportedly plans to take a minority stake. At an Indian snack company.
According to reports, Temasek plans to invest $1 billion in the company. The company submitted a binding bid last month along with Ben Capital, which later terminated the deal. The company is currently competing with Alpha Web Global, which is also vying for a stake, people familiar with the matter said.
Alpha Web Capital was previously known as Falcon Edge Capital. The company is backed by Chimera Capital, a member of the UAE royal family. It is a private investment company owned by Sheikh Tahhoun bin Zayad. Alphaweb is also in talks with Haldiram’s promoters, the Agarwal family. In 2022, Alphaweb raised a huge amount of money to buy stock. None of the companies have been successful in purchasing stock.
The Economic Times had reported that three groups had submitted binding offers for a 10-15% stake in the company. The three groups were a consortium led by Blackstone along with the Abu Dhabi Investment Authority.
If sources are to be believed, the promoter family wanted a valuation of $10 billion to $11 billion, and Ben Capital did not want to negotiate a deal over $8.8 billion to $9.4 billion.
Haldiram CEO KK Chutani and Temasek declined to comment on the deal. Bulkstein’s proposal wanted to have joint control over the company’s management, as well as a say in the appointment of future CEOs and CFOs, something the founding family was not prepared to do.
Moneycontrol reported on December 7 that Temasek had signed a term sheet with Haldiram.