New Delhi, March 30: Singapore-based global investment firm Temasek is set to acquire an equity stake from the existing shareholders of Haldirams, according to PwC, the exclusive financial advisor for the transaction.
This strategic move will strengthen Haldirams' position, enabling the company to accelerate its ambitious expansion plans both in India and internationally, while securing a strong presence in the competitive market.
PwC’s Investment Banking team served as the exclusive financial advisor, with Khaitan & Co acting as the legal advisor, as stated in the announcement. The transaction, pending customary regulatory approvals, is expected to close shortly.
A spokesperson for the Haldirams group expressed excitement about the deal, saying, "We are thrilled to welcome Temasek as an investor and partner. We look forward to leveraging their expertise in the consumer space to drive our growth and enhance our ability to meet changing consumer demands. We also extend our thanks to PwC and Khaitan & Co for their dedicated support throughout this process."
Sanjeev Krishan, Chairperson of PwC India, commented, "At PwC, we take pride in being catalysts for entrepreneurial success, helping businesses evolve into global leaders. Our long-standing relationship with Haldirams is a testament to this commitment. This transaction is not only the largest private equity consumer deal in India but also highlights the growing influence of domestic businesses on the global stage. We are grateful to the Haldirams family for their trust and collaboration in this milestone opportunity."
