CCI has approved the proposed acquisition of certain shareholding (on a fully diluted basis) of Haldiram Snacks Food Pvt Ltd by L. Catterton India Fund.

The proposed combination entails an acquisition of certain shareholding (on a fully diluted basis) of Haldiram Snacks Food Private Limited (Target) by L Catterton India Fund (Acquirer).

The Acquirer is a scheme of L. Catterton India Trust, a Category II Alternative Investment Fund, which is registered with the Securities and Exchange Board of India. The Acquirer is engaged in making investments in India.

The Target (including its affiliates) is engaged in the manufacture and sale of packaged food products in India such as snacks, sweets, ready-to-eat products, dairy products, bakery products, chocolates, and non- carbonated ready-to-drink beverages.

Detailed order of the Commission will follow.

Proposed acquisition of Haldiram Snacks shareholding by L. Catterton India Fund received regulatory approval today. Approval was granted for the acquisition of certain fully diluted shareholding of Haldiram Snacks Food Private Limited by L. Catterton India Fund, a scheme of L. Catterton India Trust classified as a Category II Alternative Investment Fund; the Target and its affiliates manufacture and sell packaged food products including snacks, sweets, ready to eat, dairy, bakery, chocolates and non carbonated ready to drink beverages, and a detailed regulatory order will follow.