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.
The big decision of Penny Stock Mercury Trade Links will be divided into 10 parts!
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.
