The Competition Commission of India (CCI) on Tuesday approved Alpha Wave Global’s proposal to acquire a stake of less than 10% in Haldiram Snacks Food Pvt Ltd.

According to the official release, the transaction involves Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP acquiring a minority interest in the issued and paid-up equity share capital of Haldiram Snacks Food.

Haldiram Snacks Food represents the consolidated business of the Haldiram family’s Delhi and Nagpur operations, and is engaged in the production and sale of packaged foods, including snacks, sweets, ready-to-eat meals, dairy items, bakery products, chocolates, and non-carbonated ready-to-drink beverages.