By Admin 
Haldiram deal: A big news related to Haldiram, India’s biggest snack brand, is coming out. According to reports, the investor company who invests in Alan Musk’s spacex, Alpha Wave Global, can now buy 6 % stake in Haldiram Snack Food. Earlier, Singapore’s investment company Temasek bought a 9 per cent stake in Haldiram.
5,160 crore will be invested
According to the Economic Times report, if this deal is done, Alpha Wave Global will invest 5,160 crores in Haldiram. After this deal, Haldiram’s owner Aggarwal family’s share will be 85 percent. However, neither Haldiram nor Alpha Wave Global has officially confirmed this about this.
Alpha Wave has already invested in Indian companies
Alpha Wave Global was previously known as Falcon Edge Capital. This company is associated with the UAE National Security Advisor Sheikh Tahnon bin Zed, whose business empire is worth millions of rupees. Alpha Wave has also invested in the world’s big companies like Spacex, Lyft and Klarna. In India too, the company has invested money in many startups like VLCC, Lenskart, Chaios and Dream11. However, despite investing in Haldiram, Alpha Wave will not get a place in the company’s board. On the other hand, Temasek can get a board seat in the company.
Snacks market condition in India
India’s snack market was 42,694 crores in 2023 and Haldiram is the largest brand in this sector. The company sells more than 500 types of snacks, sweets, Ready-to-Eat food and drinks. In the financial year 2023-24, Haldiram’s total earnings were 12,800 crores. Of this, 2,580 crore Ebitda (Earnings Before Interest, Taxes, Depreciation, and Amortization) and a net profit of 1,400 crore.
This deal will be included in India’s largest private equity deal?
Singapore’s Temasek has already invested at a valuation of 86,000 crores in Haldiram. Now if Alpha also invests Global, it can become one of the largest private equity deals in India. The business empire of Sheikh Tahnon of UAE, who is also the chairman of First Abu Dhabi Bank, is worth $ 1.5 trillion. If this deal is final, then Haldiram can get new heights for international growth. Now everyone’s eyes are on when the company and investors put an official seal on this deal.
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