look news india
A social media post of Anupam Mittal, a judge and famous young entrepreneur of Shark Tank India, is making tremendous headlines at this time.
On 13 March, on X (Twitter) he wrote:
“One lakh crore bhujia? India is amazing! “
In fact, he made this comment on a historic deal of buying a stake in Haldiram Snacks Foods by Singapore’s Investment Firm Temasek’s. This FMCG sector is considered to be the biggest deal ever.
Haldiram’s value reached $ 10 billion!
According to reports, Haldiram Snack Foods has sold some of his shares at a valuation of $ 10 billion (about Rs 85,000 crore).
What does this deal mean?
- It reflects the strength of the Indian FMCG sector.
- It is clear that foreign investors are looking at immense possibilities in the Indian food industry.
- Blackstone and Alphavev Global are also keen to buy 5% stake in Haldiram.
If this deal is completed, a new record of foreign investment will be made in the FMCG sector.
Haldiram and Temasek’s deal was done on 11 March
Temasek’s has bought a 9-10% stake in Haldiram, beating other legendary investors.
This is the biggest investment ever made by a foreign investor in the Indian FMCG sector.
Why is foreign investment increasing in FMCG?
- Food and retail sector is growing rapidly in India.
- It has become a hotspot for foreign investors due to rising income and consumer expenditure.
Temasek’s long strategy, investment increased in India
Singapore’s investment firm Temasek’s investment in India is continuously increasing.
- By March 2024, Temasek’s had a total investment of $ 37 billion in India.
- In the next 3 years, the company plans to invest more than $ 10 billion (Rs 82,000 crore).
- Now it is increasing its portfolio in other areas by exiting health and food tech sector.
Will Haldiram be a global brand?
Haldiram has become one of the largest companies in the Indian FMCG sector. Now the interest of foreign investors is an indication that Haldiram may soon become a global brand.