Alpha Wave Ventures Acquires Minority Stake in Haldiram Snacks with CCI Approval
The Competition Commission of India (CCI) has 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.
The acquisition involves less than 10% of the issued and paid-up equity capital of Haldiram Snacks. Both acquiring entities are private equity funds actively investing in high-growth companies.
Haldiram Snacks, including its affiliated companies, operates in the Indian packaged food industry. Its offerings include snacks, sweets, dairy items, ready-to-eat meals, bakery products, chocolates, and non-carbonated ready-to-drink beverages.
The CCI noted that the transaction does not raise any competition concerns. A detailed order from the Commission is expected to follow shortly.
Source: PIB
