New Delhi, March 30 -- Singapore-based global investment firm Temasek will aquire an equity stake from Haldirams' existing shareholders, as per PwC, the exclusive financial advisor to the transaction.

This strategic transaction strengthens Haldirams' position to accelerate its ambitious expansion plans, both in India and internationally, ensuring a solid foothold in the highly competitive market.

PwC Investment Banking team acted as the exclusive financial advisor to the transaction and Khaitan & Co acted as the legal advisor, as per a statement.

The transaction, which is subject to customary regulatory approvals, is expected to close soon.

On behalf of the Haldirams group, a spokesperson said, "We are thrilled to welcome Temasek as a...