India, May 21 -- The Competition Commission of India has approved the acquisition of a certain issued and paid-up equity share capital of Haldiram Snacks Food (Target) by Jongsong Investments (Acquirer)

The proposed transaction entails the acquisition of less than 10 per cent 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 (Temasek). Temasek is an investment company headquartered in Singapore. Temasek's global portfolio covers a broad spectrum of industries including Transportation & Industrials; Financial Services; Telecom...