This Company Will Buy a Stake in Haldiram’s Snacks Food; CCI Gives Approval

The fair trade regulator CCI approved the proposal by global investment firm L Catterton to acquire a stake in Haldiram’s Snacks Food Private Limited. The Competition Commission of India (CCI) said in a statement, “The proposed transaction involves the acquisition of certain shareholding of Haldiram’s Snacks Food Private Limited (Target) by L Catterton India Fund.” L Catterton India Fund is a scheme of L Catterton India Trust, a SEBI-registered Alternative Investment Fund that invests in India.

Haldiram’s is a very big and iconic name in India

Haldiram’s Snacks Food Private Limited is a large and iconic company in the country, engaged in the manufacturing and sale of packaged food products such as savories, sweets, ready-to-eat food products, dairy products, bakery products, chocolates, and non-carbonated ready-to-drink beverages in India. In December 2025, L Catterton said it had entered into a strategic partnership with Haldiram’s and acquired a stake in the country’s leading snacks and food brand. In 2025, Haldiram’s had sold stakes to three strategic investors – Singapore-based global investment firm Temasek, Alpha Wave Global, and International Holding Company (IHC).

L Catterton’s Executive Chairman is Sanjiv Mehta, former CEO and Managing Director of HUL

In India, L Catterton is led by Sanjiv Mehta, the former CEO and Managing Director of HUL (Hindustan Unilever), who is now its Executive Chairman. L Catterton has considerable experience in building brands in the packaged food sector globally. In April 2025, Delhi-based Haldiram’s Snacks and Nagpur-based Haldiram Foods International merged their packaged snacks businesses to form Haldiram’s Snacks Food. It’s worth noting that deals exceeding a certain value require approval from the regulator, which monitors unfair business practices and promotes healthy competition in the market.