Page 9 - Temasek News Today

The Bain and Temasek combination submitted a non-binding offer late last week valuing Indias largest snack and convenience foods company at $8-8.5 billion (Rs 66,400-70,500 crore), after initially engaging with the founding family of the 87-yearold brand separately, said people aware of the matter.

Haldiram becomes the battleground for Bain Capital and Blackstone-led consortium, with bids reaching USD 8-8.5 billion, setting the stage for Indias largest private equity acquisition.

Haldiram Snacks: The Bain and Temasek combination submitted a non-binding offer late last week valuing India’s largest snack and convenience foods company at $8-8.5 billion (Rs 66,400-70,500 crore), after initially engaging with the founding family of the 87-yearold brand separately, said people aware of the matter.

Bain and Temasek submitted a non-binding offer late last week that valued Haldiram Snacks Food at around $8-8.5 billion (Rs 66,400-70,500 crore).

On January 9, State-Owned Enterprises Minister Paul Goldsmith and Finance Minister Nicola Willis were given a Treasury briefing 28 years in the making. The...

The healthcare fund wants to curtail its exposure to healthtech to less than 15% of its portfolio. But it has its eyes open for single-specialty healthcare companies operating in areas such as oncology and dialysis

Singapore-based ST Telemedia Global Data Centers and Vietnamese tech unicorn VNG have teamed up to build a $420 million data center in Ho Chi Minh City to tap into the countrys booming digital economy.

Mahindra & Mahindra (M&M) board approved a Rs 12,000 crore investment in its electric arm MEAL over three years. The company aims to fund its capital needs from operating cash and extended the timeframe for BIIs Rs 725 crore investment. BII and Temasek previously invested in MEAL for electric SUV development.

Mumbai/IBNS: American private investment firm Bain Capital and Singapore-based Temasek have partnered to compete with Blackstone-led consortium for a majority stake in Haldiram Snacks Food, potentially India's largest private equity purchase to date, reports Economic Times.

So far, BII has invested Rs 1,200 crore while Temasek invested Rs 300 crore in Mahindra Electric Automobile Limited (MEAL). Temasek will invest the balance Rs 900 crore as per agreed timeline, the company said.