[Everything Everywhere]

https://www.ft.com/content/7c6688af-c678...ef7272b0f2

Temasek has taken a bite out of India’s largest snack maker in a long-term bet on consumption in the world’s most populous country.

The Singapore state-owned fund has acquired a minority stake in Haldiram’s, a household name in India. Terms of the deal were not publicly disclosed but a person familiar with the acquisition said Temasek had taken a close to 10 per cent stake for about $1bn.

The move is the latest in India by the Singapore asset manager, one of the world’s largest with a global portfolio of $290bn, including stakes in a range of Indian hospital, financial and ecommerce companies.

It comes after lengthy talks between potential buyers and the controlling family of Haldiram’s, which sells a range of Indian sweets and deep-fried snacks across more than 7mn outlets.

The company, which established in a small store in Rajasthan in 1937, also exports across the world and runs a factory in the UK.

[klat]

Money down the drain

[goodboy]

Pump ah pump ah

Straight into black hole ah

[Niubee]

Use 1.3 billions people theory to scam money

[Ola]

The Malaysian Traitor must be SO HAPPY again

His CECA and their descendants can now gain bigger market share

and fight for their forever rights in Singapore