New Delhi, March 31 -- Snacking and sweets company Haldiram Snacks Food Pvt. Ltd has entered into an agreement with Singapore-headquartered global investment firm Temasek, the deal's financial advisor said on Sunday.

PwC Investment Banking team acted as the exclusive financial advisor to the transaction, while Khaitan & Co. acted as the legal advisor. Temasek agreed to acquire a 10% stake for Rs.8,500 crore in Haldiram Snacks Food Pvt. Ltd, Mint reported on 11, citing people aware of the matter. The deal values the business at $10 billion or Rs.85,000 crore.

The agreement will see Temasek acquire an equity stake from existing shareholders of Haldirams. This transaction positions Haldirams to continue its ambitious expansion plans both i...