Bidding War For Haldiram's Snacks Food: Why Are Foreign Investors Investing In Indian Snack Maker

Haldiram, an 87-year-old Indian snack behemoth, finds itself at the center of an intense ownership battle, attracting global private equity giants vying for a majority stake. This battle signifies a potential record acquisition in Indian corporate history, with companies teaming up to acquire a 76% controlling share. Major players like Blackstone, ADIA, GIC, Bain Capital, and Temasek are in the fray, reflecting the magnitude of interest in Haldiram's renowned brand. Meanwhile, the Indian snacks market is booming, with a projected 12% CAGR driven by changing lifestyles, rising income levels, urbanization, and product innovation. Notably, the buzz for Indian snacks is growing globally, with foreign investors drawn to the rising demand for regional and spicy profiles.