CCI Approves Acquisition of Equity Stake in Haldiram Snacks by Alpha Wave and IHC

The Competition Commission of India (CCI) has approved the acquisition of the issued and paid-up equity share capital of Haldiram Snacks Food Pvt Ltd as per Section 31(1) of the Competition Act, 2002.

The approval follows Haldiram's announcement on March 31 confirming investment by UAE-based IHC and Alpha Wave Global.

This comes shortly after Singapore’s Temasek acquired a minority stake in the company.

Alpha Wave is a global investment firm that focuses on three primary areas: private equity, private credit, and public markets, whereas IHC is one of the world's largest investment firms. The deal is part of Haldiram’s broader global growth strategy.