Global investors have been increasing their focus on India, lured by its rapid economic growth.
MUMBAI - Temasek is in talks to buy a minority stake in Haldiram Snacks, people familiar with the matter said, a transaction that may value India’s biggest snack maker at about US$11 billion .
The investment may serve as a stepping stone towards a potential initial public offering of the company, the people said. The Agarwal family has been exploring options including a sale of the business and a potential IPO, Bloomberg News has reported. Temasek has deployed nearly US$37 billion in India over the past two decades, according to Mr Vishesh Shrivastav, its managing director for India investments. That figure is set to rise sharply, with the company saying last year it planned to commit billions more.
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