L Catterton Gets CCI Nod to Buy Stake in Haldiram Snacks Food

Competition Commission of India (CCI) on Tuesday approved investment firm L Catterton's proposed acquisition to acquire a stake in Haldiram Snacks Food Pvt Ltd.

"The proposed combination entails an acquisition of certain shareholding (on a fully diluted basis) of Haldiram Snacks Food Private Limited (Target) by L Catterton India Fund," CCI said in a statement.

L Catterton India Fund is a scheme of L Catterton India Trust, a Sebi-registered alternative investment fund, which is engaged in making investments in India.

Haldiram Snacks Food Pvt Ltd (including its affiliates) is engaged in the manufacturing and sale of packaged food products in the country such as snacks, sweets, ready-to-eat products, dairy products, bakery products, chocolates, and non-carbonated ready-to-drink beverages.

"Commission approves the proposed acquisition of certain shareholding of Haldiram Snacks Food Private Limited by L Catterton India Fund," the competition watchdog said in a post on X.

In December 2025, L Catterton announced that it entered into a strategic partnership with Haldiram and acquired a stake in the country's leading snacks and food brand.

In 2025, Haldiram sold stakes to three strategic investors -Singapore-based Temasek, Alpha Wave Global, and International Holding Company (IHC).

L Catterton in India is led by former HUL CEO and Managing Director Sanjiv Mehta and has significant experience in building brands in the packaged food space across the world.

In April 2025, packaged snacks businesses of Delhi-based Haldiram Snacks and Nagpur-based Haldiram Foods International were merged to form Haldiram Snacks Food.