Abu Dhabi’s IHC Backs Indian Snack Giant Haldiram’s with Strategic Investment

International Holding Company (IHC), headquartered in Abu Dhabi, has invested in Haldiram Snacks Food, India's leading snack and food brand.

Together with Alpha Wave Global, based in New York, this investment rounds out the Indian company's current equity financing round, which also includes a recent investment from Temasek, a company based in Singapore.

According to the statement, IHC and Alpha Wave have acquired a 6% minority stake in India's leading snack and food brand, valued at $10 billion. Temasek bought a 10% stake for $1 billion.

"This dedication is demonstrated by our ten-year partnership with the Haldirams. We have given them advice on a range of strategic planning and decision-making matters over the years. In addition to being the biggest private equity consumer deal in India, this transaction represents domestic companies that are bolstering India's standing internationally. We appreciate the Haldirams family's faith in us and giving us this chance," said Sanjeev Krishan, chairperson of PwC India.

The money will mostly be used to help the Indian company enter foreign markets, especially the US and the Middle East, where there is a rising demand for Indian food and snacks. The deal is anticipated to close soon, pending customary regulatory approvals.

This strategic partnership demonstrates Haldiram's determination to leverage global expertise and capital to strengthen its position as a household name in international markets.​