CCI Approves Acquisition of Equity in Haldiram Snacks Food
ECONOMY & POLICY

CCI Approves Acquisition of Equity in Haldiram Snacks Food

The Competition Commission of India (CCI) has approved the acquisition of certain issued and paid-up equity share capital of Haldiram Snacks Food Private Limited (Target) by Jongsong Investments Pte. Ltd. (Acquirer).

The transaction involves the acquisition of less than ten per cent of the issued and paid-up equity share capital of the Target by the Acquirer.

Jongsong Investments is an investment holding company and an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited, headquartered in Singapore. Temasek’s global portfolio spans sectors including transportation, financial services, telecommunications, consumer goods, life sciences, and multi-sector funds.

Haldiram Snacks Food, incorporated in December 2022, currently has no business operations. The Target and its affiliates will engage in manufacturing and selling packaged food products in India, such as snacks, sweets, ready-to-eat items, dairy, bakery products, chocolates, and non-carbonated ready-to-drink beverages.

A detailed order from the Commission will follow.

Source:Press Information Bureau, Competition Commission of India

The Competition Commission of India (CCI) has approved the acquisition of certain issued and paid-up equity share capital of Haldiram Snacks Food Private Limited (Target) by Jongsong Investments Pte. Ltd. (Acquirer).The transaction involves the acquisition of less than ten per cent of the issued and paid-up equity share capital of the Target by the Acquirer.Jongsong Investments is an investment holding company and an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited, headquartered in Singapore. Temasek’s global portfolio spans sectors including transportation, financial services, telecommunications, consumer goods, life sciences, and multi-sector funds.Haldiram Snacks Food, incorporated in December 2022, currently has no business operations. The Target and its affiliates will engage in manufacturing and selling packaged food products in India, such as snacks, sweets, ready-to-eat items, dairy, bakery products, chocolates, and non-carbonated ready-to-drink beverages.A detailed order from the Commission will follow.Source:Press Information Bureau, Competition Commission of India

Next Story
Infrastructure Urban

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Next Story
Infrastructure Urban

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi’s daily average Air Quality Index (AQI) clocked 213 (‘Poor’ category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording ‘Poor’ air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Next Story
Infrastructure Urban

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of “Financial Fraud Risk Indicator (FRI)” with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the “Financial ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?