Haldiram Snacks Food is understood to have begun preparations for IPO, while fintech firm InCred Capital has acquired Quintessentially India.
Haldiram Snacks plans IPO next year
Haldiram Snacks Food, backed by Singapore’s state investment firm Temasek, is understood to have begun preparations to launch its initial public offering (IPO).
Haldiram Snacks has appointed EY to manage the process, per an Economic Times report. The issue size could be worth around Rs 10,000 crore, stated the report, adding that the valuation the company is targeting could be over a whopping Rs 1 trillion.
The company could be looking at making its stock market debut in the latter part of next year.
Haldiram Snacks also counts UAE-based International Holding Company (IHC), Alpha Wave Global and US-based L Catterton among its investors.
InCred Capital buys Quintessentially India
Indian fintech firm InCred Capital has acquired Quintessentially India, the Indian arm of the London-headquartered luxury lifestyle management company, as it looks to expand its presence in the country.
Founded in London in 2000, Quintessentially operates a global network of more than 35 offices. It entered India in 2010 and has since built a presence serving high-net-worth individuals, business families and corporates.
“With Quintessentially now part of InCred Capital, we can extend our offering beyond wealth management into extraordinary access and experiences,” said Bhupinder Singh, founder of InCred Group.
InCred Capital is the institutional, wealth management and asset management arm of InCred Group. Its businesses span investment banking, institutional equities, wealth management and asset management, catering to corporates, institutional investors and high-net-worth individuals.
