The Competition Commission of India (CCI) has approved the acquisition of a portion of the 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.
This regulatory clearance follows Haldiram’s announcement on March 31, confirming that it had entered into agreements to sell equity stakes to UAE-based International Holding Company (IHC) and Alpha Wave Global, a global investment firm. The move is part of Haldiram’s broader equity fundraising round, which also saw Singapore-based investment firm Temasek acquire a minority stake just days earlier.
Haldiram, one of India’s largest snack and food brands, is undergoing strategic capital expansion to bolster its growth and strengthen its position in domestic and global markets. The fresh infusion of capital from Alpha Wave and IHC marks a significant development in the company’s efforts to scale operations, modernize infrastructure, and explore new product segments.
Alpha Wave is known for its investments across private equity, private credit, and public markets, while IHC ranks among the largest investment entities globally, with diversified interests spanning multiple sectors.
The approval by the CCI paves the way for Alpha Wave and IHC to formally become stakeholders in Haldiram, solidifying the brand’s standing in the fast-growing Indian snacks industry and aligning it with globally recognized investors.