Chitchat Great News! Temasick pays $1Billion for CECA Snack Company!

[Pinkieslut]

Temasek takes bite of India's Haldiram's for $1 billion, sources say​

FILE PHOTO: A view shows packets of snacks on shelves inside a Haldiram's restaurant in Mumbai​

Reuters

2 min read

NEW DELHI (Reuters) -Singapore's state investment company Temasek has signed a deal to pick up close to a 10% stake in the snacks business of India's Haldiram's at a cost of about $1 billion, two people with direct knowledge of the matter said on Wednesday.

The deal was signed after months of negotiation and Temasek considers Haldiram's a "prized asset" that will help expand its focus on India's consumer sector, said one of the sources, who declined to be named as the decision is private. Temasek's purchase price translates into a roughly $10 billion valuation for the company.

Temasek said it will not comment on market speculation regarding the signing. Calls to Haldiram's CEO Krishan Kumar Chutani were not answered.

Temasek's stake purchase comes just over a week after private equity investor Blackstone pulled out of the race to acquire a minority stake in Haldiram's, citing valuation concerns, Reuters reported earlier this month.

Haldiram's, which started in 1937 with a tiny shop in the city of Bikaner in the western desert state of Rajasthan, is estimated by Euromonitor International to hold a near 13% share of India's $6.2 billion savoury snacks market, and its snacks business has proved a tempting asset for many foreign investors.

One of Haldiram's most popular snacks is "bhujia", a crispy fried Indian snack made with flour, herbs and spices and sold for as little as 10 rupees (12 U.S. cents) in mom-and-pop stores.

Temasek, which has expanded its India footprint with investments in Manipal Hospitals and KFC and Pizza Hut operator Devyani International, is now betting on the country's snacks market with the stake in Haldiram's.

(Reporting by Aditya Kalra and Indranil Sarkar; Editing by Raju Gopalakrishnan and Christian Schmollinger)

 

[k1976]

Wow… is a good hedge in Mother Yeedia that is target to becum World Next Superpower in 2070 de woh

 

[syed putra]

Brilliant move. The maruku can be the next big snack sensation. Healthy and light. No sugar.
Potentially this company can be as big as Nestle plus pizza Hut together.

 

[k1976]

Karchan Puteh is also a very good 点右成金investment

 

[k1976]

Brilliant move. The maruku can be the next big snack sensation. Healthy and light. No sugar.
Potentially this company can be as big as Nestle plus pizza Hut together.

If u believe so…..

 

[Narong Wongwan]

How much undertable?
You get a monkey to throw darts to choose companies to invest in you’ll have more success than that Whore Jinx who’s surrounded by investments experts

 

[k1976]

Temasek's stake purchase comes just over a week after private equity investor Blackstone pulled out of the race to acquire a minority stake in Haldiram's, citing valuation concerns, Reuters reported earlier this month.

Haldiram's, which started in 1937 with a tiny shop in the city of Bikaner in the western desert state of Rajasthan, is estimated by Euromonitor International to hold a near 13% share of India's $6.2 billion savoury snacks market, and its snacks business has proved a tempting asset for many foreign investors.

One of Haldiram's most popular snacks is "bhujia", a crispy fried Indian snack made with flour, herbs and spices and sold for as little as 10 rupees (12 U.S. cents) in mom-and-pop stores.

Temasek, which has expanded its India footprint with investments in Manipal Hospitals and KFC and Pizza Hut operator Devyani International, is now betting on the country's snacks market with the stake in Haldiram's.

 

[k1976]

 

[k1976]

More profit, large market and smart choice

 

[syed putra]

Temasick should have seek exclusive rights to distribute the products in china. Plus a chain of Indian roti restaurants serving breakfast, lunch and dinner. Brilliant. Potentially business worth tens of billions in China alone.

 

[k1976]

We are Number 1 de … Banzai Banzai Banzai

 

[k1976]

Next unicorn in world high tech industry??

 

[k1976]

Pls 多多sirpok our national investment

 

[VanDick]

Very good. So next time, instead of giving the poor sinkie peasants CDC vouchers, the gahment will hand out Ceca snacks to them.

 

[k1976]

Very good. So next time, instead of giving the poor sinkie peasants CDC vouchers, the gahment will hand out Ceca snacks to them.

Really Jin smart….one stone many birds

 

[aerobwala]

Superpower, put $1Billion into a company that sell product at 10 Rupees.

 

[Hightech88]

Temasek's stake purchase comes just over a week after private equity investor Blackstone pulled out of the race to acquire a minority stake in Haldiram's, citing valuation concerns, Reuters reported earlier this month.

Even Blackstone also pull out and yet Temasick want to go in. Looks like yet another episode of...

No choice as 61% loves to be farked in the arse by the PAP-Gov.

 

[ChenShuang]

Laksaboy fav Indian snack

 

[Rogue Trader]

When Modi's Bjp party loses the next election, all the $$ Temasek has been throwing at India will be written off

 

[Pinkieslut]

CECA Snacks very yummy because of a special ingredient!

Street Food In Delhi: Wildly Popular, Abundant In Taste And Human Shit​

Street Food In Delhi: Wildly Popular, Abundant In Taste And Human Shit

NOWYOU33/FLICKR
We had street food for my last meal in Delhi. It was outstanding.
Love snacking on street food? Here is some news that should give you pause.
A recent study by the Institute of Hotel Management, Catering and Nutrition, Pusa Road, shows extremely high volume of E coli bacteria, usually found in faecal matter, in these snacks sold in central and west Delhi, according to India Today.
"We conducted the study to analyse the microbial load in Delhi's street food. It was done with a survey of commonly consumed street food by 100 individuals. We chose five locations in West Delhi, where daily sales were the maximum, for collecting samples. For microbial analysis, five street and five franchisee food products were taken from the most popular shops. We collected food samples (samosa, golgappa, burger and momos) twice from the street shops and franchisee outlets at a one-month interval," Dr Arpita Sharma of the Institute of Hotel Management, Catering and Nutrition told India Today, adding that the samples were drawn from west and central Delhi.
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The scientists were horrified to see that the samples collected from areas such as Connaught Place, Rajouri Garden main market, Rajendra Place and Subash Nagar were infected with the same bacteria found in human poop. The normal Most Probable Number (MPN) of coliform bacteria in food items is 50 or less as per the Central Pollution Control Board, but it was found to be over 2,400 in the samples of branded burgers, vegetarian and non-vegetarian momos and other food items collected from popular restaurants.
"This is a matter of great concern. I would never eat street food after reading this report. The report literally means that whatever we eat, we are ingesting faeces," Dr Shobha Broor, microbiologist at the All India Institute of Medical Sciences (AIIMS) told India Today.

According to the report, the bacterial pathogens found in these eateries can cause a range of health problems such as vomiting, diarrhoea, abdominal cramps, loss of appetite, mild fever, typhoid, food poisoning and irritation and inflammation in the gastrointestinal tract.