New Delhi, 05 March (H.S.): India's Competition Commission (CCI) has approved General Atlantic Singapore BWP Pte Ltd's (GASBWP) acquisition of a stake in Balaji Wafers Private Limited, clearing a key regulatory hurdle for the strategic investment in one of India's leading snack food manufacturers. A detailed order from the commission will follow.

According to the CCI, GASBWP—a affiliate of General Atlantic investment funds—will acquire certain shareholding in Balaji Wafers on a fully diluted basis from its existing shareholders. General Atlantic focuses on providing capital and strategic support to high-growth businesses across technology, healthcare and life sciences, financial services, consumer sectors, climate, and sustainable infrastructure, aiming for long-term value creation in its portfolio companies.

Balaji Wafers, a prominent Indian snack food producer, specializes in manufacturing and selling packaged food products including salty snacks, extruded snacks, biscuits, ready-to-eat foods, and spices. The company distributes its offerings nationwide through an extensive network of distributors and retailers, maintaining a particularly strong presence in western and central India.

This approval advances a previously announced ₹2,500 crore deal valuing Balaji at ₹35,000 crore, positioning it for accelerated national growth amid robust FY24 revenues exceeding ₹5,500 crore .

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Hindusthan Samachar / Jun Sarkar