Haldiram Snacks Food is a newly incorporated entity that currently does not undertake any business operations
The Competition Commission of India (CCI) has approved the proposed combination involving demerger of FMCG business of Haldiram Snacks and Haldiram Foods into Haldiram Snacks Food and acquisition of 56% and 44% shareholding in Haldiram Snacks Food by existing shareholders of Haldiram Snacks and Haldiram Foods.
Haldiram Snacks is engaged in the manufacture and distribution of packaged food products in India such as snacks, namkeen, sweets, ready to eat / pre-mix food, frozen food, biscuits, non-carbonated ready to drink beverages, pasta etc. Headquartered in Delhi, its operations are primarily run by Manohar Agarwal and Madhu Sudan Agarwal (Delhi Family).
Haldiram Foods International is similarly engaged in the manufacture and distribution of packaged foods products such as snacks, namkeen, sweets, ready to eat / pre-mix food, biscuits, cookies, non-carbonated ready to drink beverages, pasta etc. Headquartered in Nagpur, its operations are primarily run by Kamalkumar Shivkisan Agrawal (Nagpur Family).
Haldiram Snacks Food is a newly incorporated entity that currently does not undertake any business operations. Post the proposed transaction, Haldiram Snacks Food would undertake the FMCG business that is currently undertaken by Haldiram Foods International and Haldiram Snacks, respectively.
The FMCG business (i.e., the packaged foods business) would comprise collectively of the FMCG business currently undertaken by Haldiram Snacks and Haldiram Foods International and their respective subsidiaries / affiliates.
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