CCI approves acquisition of certain issued and paid-up equity share capital of Haldiram

The Competition Commission of India (CCI) on Tuesday approved the acquisition of certain issued and paid-up equity share capital of Haldiram Snacks Food Private Limited by Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP

On March 31, Haldiram, the country's leading snack and food brand, had confirmed selling its stake to IHC (International Holding Company) and Alpha Wave Global.

The announcement had come a day after Haldiram confirmed acquisition of a minority stake by Singapore-based global investment firm Temasek.


"Haldiram's, India's leading snack and food brand, is pleased to announce the addition of two new investors, IHC (International Holding Company) and Alpha Wave Global, to its ongoing equity round, following Temasek's recent participation," the statement said.

Alpha Wave is a global investment company that focuses on three main verticals, private equity, private credit, and public markets, while UAE-based IHC is one of the world's largest investment companies.