Kahchan Puteh investments = 1b USD
Singapore’s state investment fund, Temasek, has added another company to its growing India portfolio by acquiring a stake in Haldiram Snacks Food, a leading player in the South Asian nation’s food industry.
The deal follows investments by Temasek in Indian companies in sectors ranging from healthcare to financial services, in line with its bullish outlook on
India’s long-term growth.
While the financial terms of the agreement with Haldiram’s have not been publicly disclosed, sources told Reuters that Temasek had bought a 10 per cent stake in the company for US$1 billion. This translates into a valuation of Haldiram’s at US$10 billion.
The transaction between Haldiram’s and Temasek was the largest-ever private equity consumer deal in India, Sanjeev Krishan, chair of accounting giant PwC in the South Asian country, said in a statement on Sunday without disclosing any figures.