Haldirams news: In a major investment decision Haldiram the countrys largest sweet and namkeen maker has sold a six percent stake in its snacks business to two new investors IHC (International Holding Company) and Elon Musks SpaceX investor Alpha Wave Global. Although the company has not disclosed the details Haldirams reaches massive value of Rs 85000 crore after sweets & namkeen maker gets boost from... Elon Musks investor is now...of this deal it has bee Okayreported that the deal has been done at a valuation of about $ 10 billion (about Rs 85000 crore). Here are all the details you need to know. The announcement comes a day after Haldiram confirmed acquisition of a minority stake by Singapore-based global investment firm Temasek as reported by PTI. Haldirams Indias leading snack and food brand is pleased to announce the addition of two new investors IHC (International Holding Company) and Alpha Wave Global to its ongoing equity round following Temaseks recent participation a statement by Haldiram said. Singapores Temasek buys minority stake in Haldiram snacks In the recent investment Singapore-based investment firm Temasek announced that it has signed an agreement to acquire a stake in Haldiram Snacks Food Private Limited from its existing shareholders. The companies announced the deal in a press release and said that the transaction is currently awaiting regulatory approvals and is expected to be completed soon as per a report by news agency IANS. It is important to mention that while the exact financial details of the deal have not been officially disclosed reports suggest that Temasek is looking to buy around a 10 per cent stake in Haldiram through its subsidiary Jongsong Investments Pte. About Haldiram Founded in 1937 Haldiram is one of India’s largest packaged food manufacturers. It is known for its wide range of snacks sweets and ready-to-eat products across India. The food brand has a strong presence in India and international markets in various. Regarding the investment Temasek which has a net portfolio worth $288 billion as of March 31 2024 has been actively investing in India’s consumer and food sector. (With inputs from agencies)