Temasek Holdings discusses a 10-15% stake in Haldiram Snacks, potentially worth $11B, possibly leading to Haldiram's IPO.

Temasek Holdings, Singapore's state-owned investor, is in discussions to purchase a 10-15% minority stake in Haldiram Snacks, India's largest snack producer, potentially valuing the company at $11 billion. This investment may pave the way for Haldiram's initial public offering (IPO). The Agarwal family, which owns Haldiram, is considering various options, including a sale. Temasek has invested nearly $37 billion in India over the last 20 years.

October 04, 2024
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