Alpha Wave Global, based in New York, is another international investor in the last Round of Haldiram Snacks food, he said.
“Haldirams, the main brand of refreshments and foods in India, is pleased to announce the incorporation of two new investors, IHC (International Holding Company) and Alpha Wave Global, in its Round of Onsguity, after the recent entry of TeMek.
IHC of Abu Dhabi invests in Haldiram
The announcement is approaching after the Singapore TeMek movement to acquire a 10 percent participation in Haldiram, according to reports for around $ 1 billion (RS85BN), valuing the company at $ 10 billion.
Although the financial details of the capital acquisition with IHC and Alpha Wave Global were not revealed, the media reports suggested that the combined investment of the two could be in the region of approximately $ 70 million for a capital participation in the Indian snacks.
A company spokesman told Reuters that the association [with the new investors] Repeat the patient’s capital and long -term support to Haldirams growth plans.
With the support of IHC and Alpha Wave Global, it is said that Haldirams is established to take advantage of the past experience and networks of these investors to expand their footprint in key international markets such as the Middle East and the United States.
These markets that demonstrate a growing demand for cooking and Indian snacks will be the main focus areas in the company’s global expansion strategy, he said.
With this association, the company is well positioned to improve its product offers, expand its operations and promote its mission of making Haldirams a family name in the Middle East and other international markets, according to a spokesman, as cited in the media reports.
It started in Bikaner, Rajasthan, in 1937, the impressive product portfolio of the sandwich giant comprises more than 400 articles, including traditional Namkeens, western sandwiches, Indian sweets, cookies, sherbets, pickles and more.
