Competition Commission of India approves the acquisition of certain issued and paid-up equity share capital of Haldiram Snacks Food Private Limited (Target) by Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP (Acquirers)

Competition Commission of India approves the acquisition of certain issued and paid-up equity share capital of Haldiram Snacks Food Private Limited (Target) by Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP (Acquirers)

The Competition Commission of India has approved the acquisition of certain issued and paid-up equity share capital of Haldiram Snacks Food Private Limited (Target) by Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP (Acquirers).

The proposed transaction entails the acquisition of less than 10% of the issued and paid-up equity share capital of the Target by the Acquirers.

The Acquirers are private equity funds.

The Target (including its affiliates) is engaged in the manufacture and sale of packaged food products in India, such as snacks, sweets, ready-to-eat products, dairy products, bakery products, chocolates, and non-carbonated ready-to-drink beverages.

Detailed order of the Commission will follow.