Temasek takes a ‘bite’ of haldiram's

Haldiram’s, India’s leading ethnic snacks company, Is set to sell an additional 5 percent stake for around 500 million dollars as part of its pre-IPO placement. This comes after Singapore-based Temasek secured a 10 percent stake in the company for 1 billion dollars, valuing Haldiram’s at 10 billion dollars. With multiple foreign buyers eyeing a stake in the company, the question is: is Haldiram’s shifting its base?