CORPORATE
Haldiram Snacks Food sells stake to IHC, Alpha Wave Global
- IBJ Bureau
- Apr 01, 2025
Haldiram Snacks Food, the country’s leading snack and food brand, has confirmed selling its stake to two new investors – International Holding Company (IHC) and Alpha Wave Global – according to a release. However, the statement has not disclosed the details of the deal.
The announcement comes a day after Haldiram confirmed acquisition of a minority stake by Singapore-based global investment firm Temasek. The details of this deal were also not disclosed.
“Haldiram, India’s leading snack and food brand, is pleased to announce the addition of two new investors, IHC and Alpha Wave Global, to its ongoing equity round, following Temasek’s recent participation,” the statement has said.
This strategic move further strengthens Haldiram’s financial position as it accelerates its global expansion plans, particularly in the US and the Middle East.
“The investment reflects Alpha Wave Global’s and IHC’s commitment to backing dominant companies with strong consumer brands,” it has said.
According to industry sources, IHC and Alpha Wave are collectively acquiring a minority stake of about 6 per cent stake in Haldiram Snacks Food at a valuation of $10 billion (around Rs 85,000 crore), which is considered to be the largest for the Indian packaged food industry.
Alpha Wave is a global investment company that focuses on three main verticals – private equity, private credit and public markets –while UAE-based IHC is one of the world’s largest investment companies.
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