Temasek, Alpha Wave, IHC Acquire 15% Stake In Haldiram At $10 B Valuation; Khaitan & Co. and JSA Advised

Khaitan & Co. advised Haldiram Foods International Pvt. Ltd., Haldiram Snacks Pvt. Ltd., and the Agarwal family in the divestment of a 9% equity stake in Haldiram Snacks Food Pvt. Ltd. to Jongsong Investments Pte. Ltd., a special purpose vehicle of Temasek Holdings.

JSA represented Alpha Wave Ventures II LP and International Holding Company P.J.S.C. in acquiring an additional 6% stake through a secondary transaction.

The transaction reflects a $10 billion enterprise valuation and involved intricate legal structuring and cross-border regulatory compliance.