DK Business Network
The Competition Commission of India (CCI) has approved the acquisition of certain issued and paid-up equity share capital in Haldiram Snacks Food Private Limited by Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP. This transaction follows Haldiram’s March 31st confirmation of selling stakes to IHC (International Holding Company) and Alpha Wave Global, reinforcing the brand’s roadmap to scale operations and diversify product portfolios across global markets.
The approval comes on the heels of Temasek’s minority investment, indicating growing institutional interest in India’s consumer and packaged food sector. With these strategic partnerships, Haldiram’s is expected to strengthen its supply chain, invest in automation, and explore new geographies.
Founded in 1937, Haldiram’s has evolved into one of India’s most recognized food brands, with a footprint spanning traditional snacks, sweets, frozen foods, and restaurant chains. The investment marks a significant milestone in transitioning the company into a more structured, professionally-backed enterprise.
This move also signals Alpha Wave’s confidence in India’s fast-moving consumer goods (FMCG) growth story, while giving Haldiram’s the edge to compete with global giants in the processed food segment.
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