Historic Merger on the Horizon

After a year of intense negotiations with global investment firms, Haldiram, the beloved snack brand from Nagpur, is on the verge of a groundbreaking stake sale. Singapore's state-owned investment giant, Temasek Holdings, is set to acquire a 9% stake in the company, valuing Haldiram at an impressive Rs 84,000 crore. This monumental deal also marks the reunion of the Agrawal family's two branches, merging Nagpur's Haldiram Foods with Delhi's Haldiram Snacks into a new entity, Haldiram Foods and Snacks.

A Snack Empire's Expansion

The merger unites two of India's most iconic snack brands under one umbrella, boasting a diverse product range that includes salted snacks, sweetmeats, retail outlets, and eateries. With a significant presence in countries with Indian immigrants, Haldiram's global footprint is set to expand even further. The valuation reflects the brand's extensive reach, goodwill, and future growth prospects, paving the way for an anticipated initial public offering (IPO) by the new entity.

Future Prospects and Stake Sale

As the merger nears completion, an announcement regarding the stake sale is expected within the next fortnight. Additionally, discussions are underway for the sale of another 5% stake, beyond the 9% already agreed upon. This strategic move ensures the majority stake remains within the Agrawal family, securing the brand's legacy for future generations.