Singapore-based investment company Temasek has made a substantial investment in Haldiram Snacks Foods, acquiring a 9-10% stake in the Indian company for over Rs 8,500 crore. This move values Haldiram at approximately $10 billion and signifies a major development in India’s FMCG sector, showcasing a surge in foreign investment. The deal, finalized on March 11, is part of Temasek’s strategic expansion into the lucrative Indian market. Notably, negotiations are currently underway with other investors like Blackstone and Alpha Wave Global for a potential additional 5% stake in Haldiram. This investment not only bolsters Haldiram’s position in the market but also indicates growing confidence in India’s snack food industry. With Temasek’s significant stake in Haldiram, the company is poised to further strengthen its foothold in the Indian FMCG landscape.