{"id":1292800,"date":"2025-03-31T09:14:26","date_gmt":"2025-03-31T03:44:26","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1292800"},"modified":"2025-03-31T09:15:02","modified_gmt":"2025-03-31T03:45:02","slug":"spacex-investor-buys-6-stake-in-haldiram-for-rs-5600-crore-ipo-launching-soon","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/spacex-investor-buys-6-stake-in-haldiram-for-rs-5600-crore-ipo-launching-soon\/","title":{"rendered":"SpaceX Investor Buys 6% Stake In Haldiram For Rs 5600 Crore; IPO Launching Soon!"},"content":{"rendered":"\n

In a major development for India\u2019s FMCG sector, UAE-based Alpha Wave has secured a 6% stake in Haldiram\u2019s, investing Rs 5,600 crore. This follows the recent 9% stake purchase by Singapore\u2019s state-owned Temasek, reflecting growing investor interest in the iconic snack giant.<\/p>\n\n\n\n

\"SpaceX<\/figure>\n\n\n\n

Promoters Cash In<\/h3>\n\n\n\n

The promoters, comprising the Agrawal family branches from Nagpur and Delhi, have collectively gained over Rs 13,000 crore from the two deals. Reports suggest that further negotiations are in progress with a domestic private equity firm to offload an additional 1-2% stake.<\/p>\n\n\n\n

Alpha Wave\u2019s Strategic Move<\/h3>\n\n\n\n

Alpha Wave, led by UAE’s National Security Advisor Tahnoun Bin Zayed, has a diverse investment portfolio<\/a>, including Elon Musk\u2019s SpaceX and the Adani Group. The firm\u2019s acquisition of a stake in Haldiram\u2019s solidifies its foothold in India’s consumer market.<\/p>\n\n\n\n

Path to IPO<\/h3>\n\n\n\n

Following the family business merger between Haldiram’s Snacks Private Limited in Delhi and Haldiram’s Food Private Limited in Nagpur, the unified entity now holds a valuation of Rs 84,000 crore. Sources suggest that this valuation may double upon an initial public offering (IPO), which is expected within a year.<\/p>\n\n\n\n

An insider noted, \u201cThe primary goal was to establish a market-driven valuation. With successful stake sales to Alpha Wave and Temasek, the promoters now have the confidence to proceed with an IPO.\u201d<\/p>\n\n\n\n

Competition Approval<\/h3>\n\n\n\n

To ensure compliance and fair competition, Haldiram\u2019s has sought approval from the Competition Commission of India (CCI) regarding its Temasek deal. Further regulatory approvals will pave the way for the anticipated public offering.<\/p>\n\n\n\n

Conclusion<\/h3>\n\n\n\n

With strong backing from global investors and a solidified valuation, Haldiram\u2019s is well-positioned for a successful IPO. As the brand continues to dominate India\u2019s savory snacks market, its expansion into the capital market is set to attract significant investor interest.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a major development for India\u2019s FMCG sector, UAE-based Alpha Wave has secured a 6% stake in Haldiram\u2019s, investing Rs 5,600 crore. This follows the recent 9% stake purchase by Singapore\u2019s state-owned Temasek, reflecting growing investor interest in the iconic snack giant. Promoters Cash In The promoters, comprising the Agrawal family branches from Nagpur and […]<\/p>\n","protected":false},"author":30,"featured_media":1292810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[3368,1113],"class_list":["post-1292800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-haldiram","tag-spacex"],"acf":[],"yoast_head":"\nSpaceX Investor Buys 6% Stake In Haldiram For Rs 5600 Crore; IPO Launching Soon! - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/spacex-investor-buys-6-stake-in-haldiram-for-rs-5600-crore-ipo-launching-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX Investor Buys 6% Stake In Haldiram For Rs 5600 Crore; IPO Launching Soon! - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"In a major development for India\u2019s FMCG sector, UAE-based Alpha Wave has secured a 6% stake in Haldiram\u2019s, investing Rs 5,600 crore. 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