Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Abu Dhabi Investment Authority seeks to buy stake in Haldiram Snacks

Mon 03 Jun 2024    
The Brew News Team | 2 min read

Global investment giant Blackstone teams up with ADIA and GIC to buy a stake in Haldiram Snacks Pvt Ltd.

Abu Dhabi: In a significant move last month, Blackstone, a leading investment firm, had joined forces with two sovereign wealth funds, Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC, to acquire a stake in Haldiram Snacks Pvt Ltd.

This partnership underscores the growing interest of global investors in India’s booming consumer market. Haldiram Snacks, renowned for its wide range of savory and sweet snacks, holds a prominent position in the Indian snack food industry, with a strong presence both domestically and internationally.

The collaboration between Blackstone, ADIA, and GIC highlights the strategic vision to capitalize on Haldiram’s robust growth potential and expand its footprint further. With changing consumer preferences and an increasing demand for convenient, high-quality snacks, Haldiram is well-positioned to capitalize on these trends with the support of its new partners.

Blackstone’s expertise in investment management, coupled with the long-term investment approach of ADIA and GIC, bodes well for Haldiram’s future growth trajectory. This partnership brings together a wealth of experience and resources to drive innovation, enhance operational efficiency, and explore new market opportunities.

Also read: Qatar Airways first in MENA to offer complimentary Starlink Wi-Fi onboard

Haldiram’s commitment to maintaining its legacy of offering authentic flavors and superior quality remains unchanged, even as it embarks on this new phase of expansion. The company’s leadership team expresses enthusiasm about the collaboration and sees it as a testament to the strength of the brand and its potential for further growth on a global scale.

The investment also reflects the confidence of global investors in India’s economic resilience and the growth prospects of its consumer sector. As one of the world’s fastest-growing economies, India continues to attract significant investment across various industries, with the snack food segment emerging as a particularly attractive opportunity.

Overall, the partnership between Blackstone, ADIA, and GIC signals a new chapter for Haldiram Snacks, marked by accelerated growth, enhanced market presence, and continued commitment to delivering delightful snacking experiences to consumers worldwide.

Leave a Reply