Date: 2025-05-20Category: Not ApplicableState: Union GovernmentCountry: India
CCI approves 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 Competition Commission of India (CCI) has approved Jongsong Investments Pte. Ltd.'s acquisition of less than 10% of the issued and paid-up equity share capital of Haldiram Snacks Food Private Limited. Jongsong Investments is an investment holding company, an indirect subsidiary of Temasek Holdings Private Limited, an investment company based in Singapore. Haldiram Snacks Food Private Limited, incorporated in December 2022, intends to manufacture and sell packaged food products in India.
Key Entities Referenced
Competition Commission of India: Regulatory body that approved the acquisition.
CCI: Abbreviation for Competition Commission of India.
Haldiram Snacks Food Private Limited: The Target company being acquired.
Target: Refers to Haldiram Snacks Food Private Limited, the company being acquired.
Jongsong Investments Pte. Ltd.: The Acquirer company.
Acquirer: Refers to Jongsong Investments Pte. Ltd., the company acquiring shares.
20 MAY 2025: Date of the announcement.
PIB Delhi: Press Information Bureau, Delhi office, the source of the information.
Temasek Holdings Private Limited: The indirect wholly owned parent company of the Acquirer.
Temasek: Abbreviated name for Temasek Holdings Private Limited.
Singapore: Location of Temasek's headquarters.
India: The country where the Target's business operations are located.
12 December 2022: Date of incorporation of the Target company.
NBAD Release ID: 2130049: Release identification number
Competition Commission of India
CCI approves the acquisition of certain issued and
paid-up equity share capital of Haldiram Snacks
Food Private Limited (Target) by Jongsong
Investments Pte. Ltd. (Acquirer)
Posted On: 20 MAY 2025 7:58PM by PIB Delhi
The Competition Commission of India 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 proposed transaction entails the acquisition of less than 10% of the issued and paid-up equity share
capital of the Target by the Acquirer.
The Acquirer is an investment holding company and does not engage in any business operations
other than holding investments. It is an indirect wholly owned subsidiary of Temasek Holdings
(Private) Limited (Temasek). Temasek is an investment company headquartered in Singapore.
Temasek’s global portfolio covers a broad spectrum of industries including Transportation &
Industrials; Financial Services; Telecommunications, Media & Technology; Consumer & Real
Estate; Life Sciences & Agri-Food; Multi-sector Funds; and others (including Credit).
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The Target was incorporated on 12 December 2022, and presently, it does not have any business operations.
The Target (including its affiliates) will be engaged in the manufacture and sale of packaged food products in
India, such as snacks, sweets, ready-to-eat products, dairy products, bakery products, chocolates, and non-
carbonated ready-to-drink beverages.
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2130049)