CCI Clears Proposed Minority Stake Acquisition in Snack Major Haldiram by L Catterton India Fund

The Competition Commission of India (CCI) has approved the proposed acquisition of a minority shareholding, on a fully diluted basis, in Haldiram Snacks Food Private Limited by L Catterton India Fund.

The proposed combination involves L Catterton India Fund acquiring a non-controlling stake in Haldiram Snacks Food. The acquirer is a scheme of L Catterton India Trust, a Category II alternative investment fund registered with the Securities and Exchange Board of India, and is engaged in making investments in India.

Haldiram Snacks Food, a major snack company, is engaged in the manufacture and sale of packaged food products in India. Its portfolio includes snacks, sweets, ready-to-eat products, dairy and bakery products, chocolates, and non-carbonated ready-to-drink beverages.