fair Trade regulator CCI on Tuesday approved the proposal of global investment firm L Catterton to buy stake in Haldiram Snacks Food Pvt Ltd. “The proposed deal involves the acquisition of certain shareholdings of Haldiram Snacks Food Pvt Ltd (Target) by L-Catterton India Fund,” the Competition Commission of India (CCI) said in a statement. L-Catterton India Fund is a scheme of L-Catterton India Trust, a SEBI-registered alternative investment fund that invests in India.
Haldiram is a very big and legendary name in India.
Haldiram Snacks Food Private Limited is a large and leading company of the country, which is involved in manufacturing and selling of packaged food products like namkeen, 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 and acquired a stake in the country’s leading snacks and food brand. In 2025, Haldiram had sold the stake to three strategic investors – Singapore-based global investment firm Temasek, Alpha Wave Global and International Holding Company (IHC).
The executive chairman of L Catterton is Sanjeev Mehta, former CEO and managing director of HUL.
L Catterton in India is led by Sanjeev Mehta – former CEO and Managing Director of HUL (Hindustan Unilever) – who is now its Executive Chairman. L Catterton has vast experience in building brands in the packaged food sector across the globe. In April 2025, Delhi-based company Haldiram Snacks and Nagpur-based company Haldiram Foods International merged the packaged snacks business to form Haldiram Snacks Food. Let us tell you that deals with value above a certain limit require approval from the regulator, which keeps an eye on unfair business practices and also promotes fair competition in the market.
Latest Business News